Germany: Mixed ZEW data - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities note that the German ZEW survey offered the first glimpse at survey indicators for June, and the survey's expectations component fell sharply from -2.1 to -21.1, back near its late-2018 lows, and far below market expectations.

Key Quotes

“The Current Situation Index was slightly better than expected, however, falling only slightly to 7.8. On a sectoral basis, the deterioration in the index came from banks, the auto industry, pharmaceuticals, electronics, mechanical engineering, and retail, and suggests broad-based concern across the economy.”

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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