ZEW August July PPI

Outlook Current Cond m/m% y/y%

Median* 22.0 18.0 0.1 3.2
High forecast 30.0 30.0 0.2 3.3
Low forecast 18.0 15.0 0.1 1.9
Number of responses 8 5 5 4

4Cast 24.0 30.0
Action Economics 19.0 16.0 1.9
Barclays Cap. 20.0 0.1 3.3
BNP Paribas 18.2 19.6 0.1 3.3
Capital Economics 30.0
Citi 0.1 3.1
Commerzbank
DZ Bank 18.0 18.0 0.2
Goldman Sachs
JP Morgan
Natixis
Nomura
Soc. Generale 20.0 15.0
UBS
Unicredit
West LB 30.0 0.1

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

The survey was conducted on Friday, August 6.

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