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ZEW Current Conditions Up, Expectations Down

GERMAN DATA

GERMANY AUG ZEW ECONOMIC SENTIMENT +40.4; JUL +63.3

GERMANY AUG CURRENT CONDITIONS +29.3; JUL 21.9

  • ZEW Expectations dropped 22.9pt to 40.4 in Aug, coming in weaker than expected (Median55.0: 75.0), although remaining at a fairly high historical level.
  • The ZEW Current Conditions jumped 7.4pt to 29.3 in Jul, just below market forecasts +31.7) and only the second positive reading in two years.
  • "This points to increasing risks for the German economy, such as from a possible fourth COVID-19 wave starting in autumn or a slowdown in growth in China.", said s ZEW President Professor Achim Wambach.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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