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GERMAN DATA: ZEW Headline Outperforms Consensus in February

GERMAN DATA

The German ZEW expectations index rose to 26.0 in February, outperforming a consensus estimate of 20.0, and January's 10.3, indicating some strengthening in sentiment amongst German financial market professionals. The current situation index meanwhile also improved further from December's multi-year low, to -88.5, stronger than consensus of -89.4.

  • A wider update to German sentiment will follow on Friday with the February flash PMIs, and the IFO Business Climate index is scheduled for next Monday.
  • The ZEW index is based on a survey of "experts from banks, insurance companies and financial departments of selected corporations [which] have been interviewed about their assessments and forecasts for important international financial market data" - so the index can exhibit elevated levels of correlation with German stock indices such as the DAX.
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The German ZEW expectations index rose to 26.0 in February, outperforming a consensus estimate of 20.0, and January's 10.3, indicating some strengthening in sentiment amongst German financial market professionals. The current situation index meanwhile also improved further from December's multi-year low, to -88.5, stronger than consensus of -89.4.

  • A wider update to German sentiment will follow on Friday with the February flash PMIs, and the IFO Business Climate index is scheduled for next Monday.
  • The ZEW index is based on a survey of "experts from banks, insurance companies and financial departments of selected corporations [which] have been interviewed about their assessments and forecasts for important international financial market data" - so the index can exhibit elevated levels of correlation with German stock indices such as the DAX.
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