Latest data released by ZEW - 16 July 2019
- Prior 7.8
- Expectations -24.5 vs -22.0 expected
- Prior -21.1
- Eurozone expectations -20.3
- Prior -20.2
The headline reading falls into negative territory, slipping to its weakest print since June 2010. Combine that with the continued deterioration in the outlook reading and that summarises sentiment surrounding the German economy currently. That doesn't bode well for euro area economic sentiment as we begin Q3.
