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

GERMAN DATA: ZEW Survey (Mar 2020) Preview 1000 GMT 17/3/20

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- CURRENT SITUATION (CS) forecast to drop to the lowest since Apr 2010

- Bloomberg Consensus: -28.5; Prev (Feb): -15.7

- The index fell in Feb following Jan's rise to -9.5 which was a 6-month high.

- ECONOMIC SENTIMENT (ES) is expected to plummet to a six-month low in Mar.

- Bloomberg Consensus: -25.0; Prev(Feb): 8.7

- Expectations rebounded in Nov and rose to 26.7 in Jan which was the highest

level since July 2015, before they fell again in Feb

- Feb's survey noted the negative impact of the coronavirus in China on supply

chains, however the outbreak in Europe poses a further threat to the economy

- Meanwhile, the Sentix index dropped to the lowest since Oct 2019 in Mar,

however, the survey period ran from March 5-7 and as a result does not cover

last week's financial market rout. 

- On the other hand, the ZEW survey period will cover the period of March 9 to

16 and provide a better picture of the status quo.