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ZEW (Preview) Oct 2020 - 13/10/20 1000BST

  • In October, ZEW expectations are expected to ease to 70.0, down from September's reading of 77.4.
  • This would mark the lowest level since July. Sentiment recovered quickly after it plunged in March, however, the renewed increase in Covid-19 cases and subsequent stricter restrictions pose a downside risk to the recovery.
  • The economic situation improved significantly in September, rising by 15.1pt to -66.2 and markets look for an improvement to -60.0.
  • The recently released Sentix index is in line with market forecasts. The headline index edged slightly higher with current conditions improving to the highest level since March, while expectations cooled for the second consecutive month.
  • The Gfk consumer climate indicator saw confidence broadly unchanged heading into October and the report noted that economic and income expectations rose, while the propensity to buy fell.
MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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