ZEW – June
Expectations Current Conditions

Median* 42.8 -15.0
High forecast 50.0 -10.0
Low forecast 35.8 -20.0
Number of responses 12 7

Barclays Cap. 42.0 na
Action Economics 46.0 -15.0
Commerzbank 50.0 na
Capital Economics 42.5 na
West LB 39.0 na
Credit Agricole na na
JP Morgan na na
Nomura na na
4Cast 43.0 -14.5
Natixis 37.0 -10.0
BNP Paribas 35.8 -16.6
Unicredit 43.0 na
UBS 45.0 -20.0
DZ Bank 48.0 -15.0
Goldman Sachs na na
Citi na na
Soc. Generale 36.0 -19.0

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

The survey was conducted on Friday, June 11.

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