- Prior -77.3
- Expectations 19.9 vs 17.5 expected
- Prior 15.2
The headline reading is the lowest since June 2020 but at least the outlook index continues to improve somewhat. ZEW notes that the German economy “is in a bad place”, with the only bright spot being that respondents are hoping for a change in fortunes once the ECB begins cutting rates later in the year.
This article was written by Justin Low at www.forexlive.com.
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