Slightly better than median forecast of -8.0

Current conditions index 72.6, up sharply from 59.9 previously and markedly better than median forecast of 63.5.

ZEW says:

  • German economic growth remains robust
  • Economy has recovered with exceptional growth rates
  • More than half of investors expect no change in economic situation in Germany within next half year
  • Outlook for private consumption in Germany very high
  • Private consumption main driver for growth in Germany, expectations for expoirt growth low