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Free AccessGermany ZEW Survey: Details Of Analysts' Economic Sentiment
Release for: September 2018
Survey among 199 analysts between August 27 and September 10, 2018
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
-0.
Eurozone 33.2 1.2 65.3 7 1.5 -0.5 31.7 1.7
-3.
Germany 76.5 3.4 23.0 4 0.5 -0.0 76.0 3.4
-0.
United States 84.6 1.5 14.9 5 0.5 -1.0 84.1 2.5
-2.
Japan 21.7 3.5 75.0 9 3.3 -0.6 18.4 4.1
United Kingdom 8.7 0.4 75.5 0.6 15.8 -0.2 -7.1 -0.2
-0. -0.
France 21.1 2 73.0 4 5.9 0.6 15.2 -0.8
-0. -6.
Italy 3.8 5 52.2 6 44.0 7.1 -40.2 -7.6
Unchange
Improve d Worse Balance
Level Chg Level Chg Level Chg Level Chg
Economic
expectations
-0.
Eurozone 16.3 0 60.2 3.9 23.5 -3.9 -7.2 3.9
-1.
Germany 11.8 9 65.8 6.9 22.4 -5.0 -10.6 3.1
-3. -1.
United States 10.3 0 62.2 9 27.5 4.9 -17.2 -7.9
-1.
Japan 9.3 0.3 78.7 1 12.0 0.8 -2.7 -0.5
-1.
United Kingdom 3.3 0 32.4 0.1 64.3 0.9 -61.0 -1.9
France 15.6 0.6 67.2 5.2 17.2 -5.8 -1.6 6.4
-2. -0.
Italy 6.0 2 53.3 5 40.7 2.7 -34.7 -4.9
Unchange
Rise d Decline Balance
Level Chg Level Chg Level Chg Level Chg
CPI
-9.
Eurozone 35.2 2 53.6 9.7 11.2 -0.5 24.0 -8.7
-6.
Germany 39.3 3 50.5 8.4 10.2 -2.1 29.1 -4.2
-1.
United States 56.4 8 34.4 1.4 9.2 0.4 47.2 -2.2
-1.
Japan 16.0 9 79.6 3.6 4.4 -1.7 11.6 -0.2
United Kingdom 54.1 2.7 37.7 2.2 8.2 -4.9 45.9 7.6
-8.
France 31.4 4 57.8 9.4 10.8 -1.0 20.6 -7.4
-6.
Italy 31.3 0 54.6 6.2 14.1 -0.2 17.2 -5.8
Short-term
interest rates
-0. -0.
Eurozone 10.2 0 89.8 0 0.0 -0.0 10.2 -0.0
-4.
United States 86.4 8 13.6 4.8 0.0 -0.0 86.4 -4.8
-3.
Japan 2.8 4 97.2 3.4 0.0 -0.0 2.8 -3.4
-1.
United Kingdom 46.1 1.9 51.1 9 2.8 -0.0 43.3 1.9
Long-term
interest rates
-5.
Germany 59.5 2 39.0 5.2 1.5 -0.0 58.0 -5.2
-1.
United States 73.2 1.1 24.2 1 2.6 -0.0 70.6 1.1
-0.
Japan 18.7 4 80.2 0.4 1.1 -0.0 17.6 -0.4
-6.
United Kingdom 59.9 5.8 35.7 4 4.4 0.6 55.5 5.2
Stock market
prices
-2.
Eurozone 47.6 5.4 40.4 8 12.0 -2.6 35.6 8.0
-3.
Germany(DAX) 51.9 6.5 35.0 4 13.1 - 3.1 38.8 9.6
Germany(NEMAX5 10. -5.
0) 55.0 2 32.7 8 12.3 -4.4 42.7 14.6
-0.
United States 44.1 3.3 39.5 7 16.4 -2.6 27.7 5.9
-3.
Japan 36.4 1.3 50.6 0 13.0 1.7 23.4 -0.4
-4.
United Kingdom 29.1 7.2 37.6 4 33.3 -2.8 -4.2 10.0
-8.
France 44.5 9.4 40.9 2 14.6 -1.2 29.9 10.6
Italy 28.8 4.1 43.6 0.2 27.6 -4.3 1.2 8.4
Apreciati Unchange Depreciatio
Exchange rates on d n Balance
vs euro(1) Level Chg Level Chg Level Chg Level Chg
-6.
US Dollar 41.5 9 38.3 4.6 20.2 2.3 21.3 -9.2
-6.
Yen 15.0 2.2 71.7 7 13.3 4.5 1.7 -2.3
-1. -3.
British Pound 10.7 1 32.6 6 56.7 4.7 -46.0 -5.8
-1. -0.
Swiss Franc 15.6 7 70.0 4 14.4 2.1 1.2 -3.8
Crude oil -5.
prices 21.2 4.9 63.0 0 15.8 0.1 5.4 4.8
Unchange
Improve d Worse Balance
Level Chg Level Chg Level Chg Level Chg
Germany
Sectors
-4.
Banks 12.5 5 54.2 3.0 33.3 1.5 -20.8 -6.0
-0.
Insurances 12.5 4 58.9 2.4 28.6 -2.0 -16.1 1.6
Vehicle -2.
industry 3.6 4 47.6 0.9 48.8 1.5 -45.2 -3.9
-1.
Chemical ind. 23.7 0.2 64.2 5 12.1 1.3 11.6 -1.1
Steel industry 14.6 4.3 52.1 8.5 33.3 -12.8 -18.7 17.1
Electrical -3.
ind. 25.3 2.6 65.7 8 9.0 1.2 16.3 1.4
-0.
Machinery ind. 27.7 3.9 58.4 5 13.9 -3.4 13.8 7.3
Consumer -0.
gds/retail 44.0 3.0 51.8 6 4.2 -2.4 39.8 5.4
-2.
Construction 47.2 3.1 45.5 1 7.3 -1.0 39.9 4.1
-2.
Utilities 15.0 3 76.6 2.2 8.4 0.1 6.6 -2.4
-0.
Service Sector 31.9 9 65.1 1.5 3.0 -0.6 28.9 -0.3
Telecommunicat
ion 24.1 4.4 72.3 2.5 3.6 -6.9 20.5 11.3
Info -5.
Technology 59.1 6.4 39.0 8 1.9 -0.6 57.2 7.0
--------------------------------------------------------------------------------
-
negative balance indicates an expected depreciation and the currency vs
the euro. A positive an appreciation
--MNI Frankfurt Bureau; +49 69-720-142; email: anna.uvarova@marketnews.com.com
[TOPICS: MTABLE,MAGDT$,M$E$$$,M$G$$$,M$X$$$]
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.