Slowing growth domestically and abroad alongside deepening debt woes continued to hammer the sentiment in the euro area in September as the ZEW sentiment index takes plunges.

The euro area ZEW economic sentiment index slumped to -44.6 from -40.0 while in Germany it deteriorated to -43.3 from -37.6 and more than the expected drop of -45.0. The German Zew Current Expectations index also plunged severely to 43.6 from 53.5 and was below the expected 45.0.