MNI: ZEW Survey (Sep 2019) Preview - 10:00BST........>

MNI: ZEW Survey (Sep 2019) Preview - 10:00BST 17/9/19

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- ZEW Survey expected to remain weak but see a small pick-up in confidence. 

- CURRENT SITUATION (CS) expected to fall to its lowest level since May 2010. 

- Bloomberg Consensus: -15.0; Prev (Aug): -13.5 

- The CS index has trended downwards since the beginning of 2018, but still

surprised to the downside in Aug, dropping to a nine-year low. 

- ECONOMIC SENTIMENT (ES) is forecast to edge up by 6.1 pts 

- Bloomberg Consensus: -38; Prev (Aug): -44.1 

- The ES index slumped to the lowest level since Dec 2011 last month, indicating

firms' concerns regarding unresolved global uncertainties.

- The more timely Sentix index improved slightly in Sep (up 0.9pts to -12.8)

after reaching an 11-year low in Aug.

- External developments continue to create risks for the export-oriented German

economy, hence a sustained recovery in confidence is unlikely in the near term.