- Prior 43.2
- Current conditions 62.1 vs 60.5 exp.Prior 59.5
Worse sentiment but the current conditions rising may save the report.
EUR/USD initially slumps to 1.3751
ZEW’s Fuest says;
- Indications that Germany will not be able to maintain fast pace of growth
- Decline of economic expectations for Germany should be seen against a backdrop of strong economic development in Q1
- Can assume a positive underlying trend for economic development in 2014
The numbers from the eurozone’s biggest economy have been disappointing of late and that won’t be lost on the ECB.
German ZEW 13 05 2014
