Germany: Mixed ZEW data - TDS

Sandeep Kanihama FXStreet Contributor

TD Securities analysts suggest that despite an improvement in the headline index to 8.2, the German ZEW Expectations Index defied consensus and declined for the first time since Oct 2018, to -2.1, slipping back into negative territory.

Key Quotes

“The deterioration was seen in the Steel and Services sectors in particular, which reversed gains seen last month. Elsewhere in the survey, improvements were registered in the auto industry, which now sits at its best level since before the environmental regulations came in last September.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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