Latest data released by ZEW - 13 November 2018
- Prior 70.1
- Expectations -24.1 vs -26.0 expected
- Prior -24.7
- Eurozone expectations -22.0 vs -19.4 prior
A larger drop in current conditions sentiment and that once again highlights the sort of dark cloud that is hanging over the Eurozone economy for the most part. ZEW says that industrial production, retail sales and foreign trade all point towards a weak development of the German economy in Q3. And they also mention that survey participants do not see any improvement of that in the coming six months.
I think the outlook expectations will be of more weight here and that threatens investor outlook and business sentiment as we move into 2019.
