June 2016 German ZEW economic sentiment survey 21 June 2016
- Prior 6.4
- Current conditions 54.5 v s53.0 exp. Prior 53.1
- Eurozone ZEW expectations 20.2 vs 16.8 prior
The highest for nearly a year on the headline number and the euro does nothing at 1.1335.
Comments from ZEW
- Improved sentiment shows the confidence in the resilience of the German economy
- Outlook still clouded by difficult global conditions and uncertainty over Brexit
We'll see how that matches up with the Bundesbank's view that Q2 will see a sharp slowdown.