- German ZEW Economic Sentiment stands at -34.3 in June, unchanged from -34.3 in the previous month.
- Germany’s current ZEW situation remains unchanged at -36.5 in June.
The main figures of German ZEW for June have shown that the economic sentiment index was unexpectedly unchanged at -34.3while the estimates of -27.5 were not met.
In the meantime, the current situation sub-index was also stable at -36.5 in June versus expectations of -31.0.
The index ZEW Eurozone economic sentiment stood at -28.0 in the current month, against the previous reading of -29.5 and -24.3 expected.
Key points
The economic sentiment indicator increased moderately this month, but remains at a relatively low level.
The economy remains exposed to many risks, such as the effects of the sanctions against Russia.
Strong restrictions in China to fight new COVID-19 infections lead to a sharp reduction in the assessment of the current economic situation in China.
Source: Fx Street
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