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ZEW Survey (Jun 2020) Preview 1000......>

GERMAN DATA
MNI (London)
GERMAN DATA: ZEW Survey (Jun 2020) Preview 1000 GMT 
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- CURRENT SITUATION (CS) projected to improve to -83.0 in June from -93.5 in May
- The index plunged in Apr at the peak of the coronavirus crisis and fell
slightly further in May 
- ECONOMIC SENTIMENT (ES) is seen rising further in Jun to 60.0, after 51.0 in
May, indicating that a rebound is expected in Q4 
- ES slumped in Mar but bounced in Apr and rose further in May. 
- However, expectations diverge between sectors with pharma and chemical
companies as well as IT and telecommunication firms showing sharp gains in
expectations, while export oriented sectors still show subdued expectations. 
- May's survey noted that analysts expect Q2 GDP to fall by 7.7% q/q before it
stabilizes in Q3 and improves in Q4. 
- The timelier Sentix index sends similar signals with both current conditions
and expectations improving in June. 
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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