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Germany ZEW Survey: Details Of Analysts' Economic Sentiment

Release for: October 2017
Survey among 205 analysts between October 2 and October 16, 2017
Source: Center for European Economic Research. ZEW
*Change in Level From Previous Month
                     Good       Normal        Bad         Balance
                 Level   Chg  Level   Chg  Level   Chg  Level   Chg
-------------------------------------------------------------------
Current economy
Eurozone          40.0   1.5   56.5  -2.0    3.5   0.5   36.5   1.0
Germany           87.5  -0.9   12.0   0.9    0.5   0.0   87.0  -0.9
United States     62.6   6.2   36.9  -6.2    0.5   0.0   62.1   6.2
Japan             20.5   1.6   74.2  -1.5    5.3  -0.1   15.2   1.7
United Kingdom     6.3  -2.3   70.7  -3.1   23.0   5.4  -16.7  -7.7
France            15.3   2.8   73.5  -1.0   11.2  -1.8    4.1   4.6
Italy              6.3   1.5   61.1   0.8   32.6  -2.3  -26.3   3.8
                        Improve      Unchanged     Worse        Balance
                       Level   Chg  Level   Chg  Level   Chg  Level   Chg
-------------------------------------------------------------------------
Economic expectations
Eurozone                33.7  -3.0   59.3   1.0    7.0   2.0   26.7  -5.0
Germany                 23.6  -0.4   70.4   1.4    6.0  -1.0   17.6   0.6
United States           19.0   0.3   68.7   0.5   12.3  -0.8    6.7   1.1
Japan                   17.5   5.0   76.2  -4.3    6.3  -0.7   11.2   5.7
United Kingdom           3.2  -1.0   38.5   0.5   58.3   0.5  -55.1  -1.5
France                  36.4  -3.1   56.9   0.6    6.7   2.5   29.7  -5.6
Italy                   19.5  -5.6   66.8   2.1   13.7   3.5    5.8  -9.1
                               Rise       Unchanged     Decline      Balance
                           Level   Chg  Level    Chg  Level   Chg  Level    Chg
-------------------------------------------------------------------------------
CPI
Eurozone                    36.0   3.2   58.0   -2.1    6.0  -1.1   30.0    4.3
Germany                     39.0  -0.7   55.0    2.2    6.0  -1.5   33.0    0.8
United States               58.1   6.8   39.9   -5.3    2.0  -1.5   56.1    8.3
Japan                       25.2   5.8   72.7   -4.1    2.1  -1.7   23.1    7.5
United Kingdom              53.9   3.4   39.2   -3.4    6.9  -0.0   47.0    3.4
France                      31.1  -1.0   63.2    0.6    5.7   0.4   25.4   -1.4
Italy                       30.2   0.1   63.5    0.6    6.3  -0.7   23.9    0.8
Short-term interest rates
Eurozone                    13.1  -1.9   86.9    2.4    0.0  -0.5   13.1   -1.4
United States               88.4   9.1   11.6   -9.1    0.0   0.0   88.4    9.1
Japan                        6.9   2.0   92.0   -2.0    1.1   0.0    5.8    2.0
United Kingdom              50.3  14.3   46.5  -11.0    3.2  -3.3   47.1   17.6
Long-term interest rates
Germany                     68.0   4.0   31.0   -4.0    1.0   0.0   67.0    4.0
United States               85.4   8.0   13.6   -8.5    1.0   0.5   84.4    7.5
Japan                       23.6   0.0   75.9   -0.0    0.5   0.0   23.1    0.0
United Kingdom              57.6   5.2   38.2   -6.2    4.2   1.0   53.4    4.2
Stock market prices
Eurozone                    53.1  -3.7   30.9   -2.6   16.0   6.3   37.1  -10.0
Germany(DAX)                53.5  -6.2   28.9   -1.2   17.6   7.4   35.9  -13.6
Germany(NEMAX50)            52.0  -2.6   31.1   -5.7   16.9   8.3   35.1  -10.9
United States               40.6  -1.0   38.9   -3.9   20.5   4.9   20.1   -5.9
Japan                       41.7   1.7   43.4  -10.1   14.9   8.4   26.8   -6.7
United Kingdom              26.4  -3.2   37.4   -9.9   36.2  13.1   -9.8  -16.3
France                      47.7  -1.1   36.2   -6.1   16.1   7.2   31.6   -8.3
Italy                       33.6  -4.3   43.5   -3.5   22.9   7.8   10.7  -12.1
                  Appreciation  Unchanged   Depreciation  Balance
Exchange rates
vs euro(1)        Level   Chg  Level   Chg  Level   Chg  Level    Chg
---------------------------------------------------------------------
US Dollar          49.7   1.6   33.0   2.3   17.3  -3.9   32.4    5.5
Yen                12.2   1.4   71.8  -0.4   16.0  -1.0   -3.8    2.4
British Pound       9.1  -7.6   28.9  -1.4   62.0   9.0  -52.9  -16.6
Swiss Franc        16.8   3.1   64.7  -4.7   18.5   1.6   -1.7    1.5
Crude oil prices   28.3   4.3   59.0  -9.0   12.7   4.7   15.6   -0.4
                        Improve      Unchanged    Worse         Balance
                     Level   Chg  Level    Chg  Level   Chg  Level   Chg
------------------------------------------------------------------------
Germany Sectors
Banks                 23.8   0.0   41.1   -0.8   35.1   0.8  -11.3  -0.8
Insurances            17.3  -4.2   48.2    4.6   34.5  -0.4  -17.2  -3.8
Vehicle industry      16.9   2.7   55.4    3.9   27.7  -6.6  -10.8   9.3
Chemical ind.         39.2   5.9   58.4   -3.5    2.4  -2.4   36.8   8.3
Steel industry        24.4  -0.6   61.0   -1.5   14.6   2.1    9.8  -2.7
Electrical ind.       36.2   1.2   60.8    0.6    3.0  -1.8   33.2   3.0
Machinery ind.        52.7   3.6   38.9   -5.5    8.4   1.9   44.3   1.7
Consumer gds/retail   61.1   0.5   31.1   -5.4    7.8   4.9   53.3  -4.4
Construction          58.1   4.0   30.5  -10.7   11.4   6.7   46.7  -2.7
Utilities             21.5  -0.9   68.3   -1.7   10.2   2.6   11.3  -3.5
Service Sector        41.9   2.9   54.5   -3.5    3.6   0.6   38.3   2.3
Telecommunication     25.9   5.0   67.5   -6.8    6.6   1.8   19.3   3.2
Info Technology       66.6  10.6   31.5  -10.7    1.9   0.1   64.7  10.5
-----------------------------------------------------------------------
negative balance indicates an expected depreciation and the currency vs 
the euro. A positive an appreciation
[TOPICS: MTABLE,MAGDT$,M$E$$$,M$G$$$,M$X$$$]

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