Germany’s Zew survey comes better in than expected

  • Economic sentiment 17 vs 12.5 expected and 10.0 prior
  • Current situation 87.9 vs 86.2 expected and 86.7 prior
  • Euro Zew Survey comes in at 31.7 vs 32.4 expected and 29.3 prior

    Comments From the Zew economists :

  • – An improved morale due to solid Q2 GDP growth, rise in bank lending and investment by both govt and private companies make up for the better readings
    – There’s no uncertainty expected in the upcoming German elections
    – They have no concerns over a stronger Euro currency
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