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MNI: GERMAN DATA: ZEW Survey (Aug 2019) Preview -....>

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MNI: GERMAN DATA: ZEW Survey (Aug 2019) Preview - 10:00BST
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- ZEW Survey expected to show another decline in confidence in Aug 
- CURRENT SITUATION (CS) projected to fall to its lowest level since June 2010 
- Bloomberg Consensus and MNI Median: -6.3; Prev (Jul): -1.1 
- The CS index is trending lower since the beginning of 2018 and fell below zero
in July for the fist time in nine years 
- ECONOMIC SENTIMENT (ES) expected to register fourth consecutive decline 
- Bloomberg Consensus and MNI Median: -28; Prev (Jul): -24.5 
- Expectations slumped by 19pts to -21.1 in June reflecting continued
uncertainty (trade, Chinese data, auto tariffs, Brexit) 
- Meanwhile, the more timely Sentix index posted an 11-year low in Aug 2019
(-13.7) 
- A recovery in confidence seems unlikely in the near-term due to external
headwinds continuing to loom large

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