ZEW July
expectations current conds

Median* 25.1 -1.5
High forecast 40.0 1.0
Low forecast 20.0 -4.0
Number of responses 13 7

Barclays Cap. 30.0 na
Action Economics 25.5 -3.0
Commerzbank 20.0 na
Capital Economics 27.5 na
West LB 23.0 na
4Cast 25.1 -1.5
Natixis 20.0 -4.0
BNP Paribas 21.7 -0.9
UBS 30.0 0.0
Unicredit 22.0 na
DZ Bank 27.0 1.0
Citi 40.0 na
Soc. Generale 25.0 -3.0

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* Median is based on above forecasts and is not intended to represent
a consensus.

The survey was conducted on Friday, July 9.

[TOPICS: M$XDS$,M$X$$$]