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ZEW Again Sees Improvement in Expectations, Outlooks Still Negative

GERMAN DATA
MNI (London)
  • Improvement was again seen in the German ZEW survey for June. The expectations index improved by 6.3 points to -28.0, remaining 1.2 points lower than consensus expectations.
  • Perceptions regarding the current German business climate improved more than anticipated, up 8.9 points (vs expected +5.5 points) at -27.6 in June. Concerns surrounding supply bottlenecks worsened by lockdowns in China again came to light, as manufacturing industries continue to struggle to stabilise following the Ukraine war disruptions.
  • The key takeaway is less pessimistic outlooks for financial market experts, despite remaining in very negative territory.
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  • Improvement was again seen in the German ZEW survey for June. The expectations index improved by 6.3 points to -28.0, remaining 1.2 points lower than consensus expectations.
  • Perceptions regarding the current German business climate improved more than anticipated, up 8.9 points (vs expected +5.5 points) at -27.6 in June. Concerns surrounding supply bottlenecks worsened by lockdowns in China again came to light, as manufacturing industries continue to struggle to stabilise following the Ukraine war disruptions.
  • The key takeaway is less pessimistic outlooks for financial market experts, despite remaining in very negative territory.