Latest data released by ZEW - 16 March 2021
- Prior -67.2
- Expectations 76.6 vs 74.0 expected
- Prior 71.2
- Eurozone expectations 74.0
- Prior 69.6
Apologies for the delay on the post, had some technical difficulties earlier.
The current situation continues to stay subdued, reflecting the economic performance in Germany in Q1 amid lockdown measures. But the higher expectations reading reaffirms that investors are staying more forward-looking.
ZEW notes that the survey participants expect a broad-based recovery of the German economy, anticipating that 70% of the population will be vaccinated by the autumn.
For now, optimism is still running high in Europe but it wouldn't be surprising to see the positive timeline get pushed back given how things are playing out at the moment.