Free Trial

ZEW Survey (Sep 2020) Preview 1000 BST

GERMAN DATA
MNI (London)

ZEW Economic Sentiment: BBG: 70.0 Aug; Prev (Aug): 71.5

ZEW Current Conditions: BBG: -72.0 Aug; Prev (Aug): -81.3

  • ZEW Expectations are forecast to ease slightly in Sep to 70.0, down from 71.5 in Aug, easing back slightly after the fast recovery seen since April plunge.
  • Nevertheless, the uncertainty regarding the development of the pandemic and recently rising cases of Covid-19 in Germany and all over Europe poses a significant downside risk for economic sentiment.
  • Last month's survey also showed that expectations in export-oriented sectors continued to remain subdued which does not bode well with Germany's export-oriented economy.
  • On the other hand, current conditions are forecast to improve modestly in Sep to -72.0 after they ticked down to -81.3 in Aug.
  • Recently released hard data suggests a significant rebound in Q3, leading financial experts to assess the current situation somewhat better.
  • The Sentix index is in line with market forecasts as current conditions ticked up to the highest level since Mar, while expectations eased marginally.
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.