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