ZEW
  • Prior -59.5
  • Expectations -12.3 vs -14.7 expected
  • Prior -14.7

The headline reading shows a fall to its weakest reading since October last year, but at least there is a slight improvement in the expectations reading even if it continues to sit in negative territory. The manufacturing recession is weighing heavily on Europe's biggest economy and Germany is now officially the "sick man" in the room.