Germany September ZEW survey now out 13 Sept
- 57.6 prev
- expectations +0.5 vs +2.5 exp vs +0.5 prev
- EZ survey expectations 5.4 vs 4.6 prev
Softer German headlines countering the stronger EZ number.
- current ambiguous economic impulses mean forecasts for next few months are difficult
- German exports especially to non-EU states have disappointed
- overall picture is favourable in Germany
- EU economic sentiment improving