Highlights of the September 2015 German ZEW economic sentiment data report 15 September 2015
- Prior 65.7
- Expectations 12.1 vs 18.4 exp. Prior 25.0
- Eurozone ZEW expectations 33.3 vs 47.6 prior
Pretty much what I was expecting. Expectations crumbled while what's happening now strengthened. EURUSD sits at 1.1309 after a little run around to 1.1295
ZEW's Fuest says;
"The weakening economic development in emerging markets dampens the economic outlook for Germany's export-oriented economy. While economic growth in the second quarter was largely driven by external demand, it is becoming less likely that exports will stimulate growth in the near future,"
German ZEW
