Germany May ZEW survey current situation 87.4 vs 85.5 expected
Latest data released by ZEW - 15 May 2018
- Prior 87.9
- Survey expectations -8.2 vs -8.2 expected
- Prior -8.2
- Eurozone survey expectations 2.4 vs 1.9 prior
Slightly improved current situation reading, but once again the outlook reading remains on the lower side. Goes to show confidence in the Eurozone economy remains tepid, a mixed report in my view.
ZEW attributes the poor outlook reading on US' decision to quit the Iran nuclear deal, fears of further escalation in trade conflict, and rising oil prices combining to have a negative impact on expectations.