Private DCN Private DCN - Euro

EUR: German ZEW economic sentiment improves

By Kiran Najran September 12th, 2018

The highlight from the eurozone today was the German ZEW economic sentiment index for September. The last reading was disappointing, coming in at -13.7 and it had been expected to fall further to -14. However, it came in much better than forecast at -10.6. While that is clearly a figure to be concerned about, it is the highest reading since May, with fears over economic development diminishing a little.

In the eurozone, the ZEW also surprised, coming in at -7.2 against expectations of -10.9. We also saw that the number of people employed in the eurozone increased by 0.4% in the second quarter of 2018, which was in line with market expectations. Compared to the same quarter last year, employment increased by 1.5% which was slightly better than the 1.4% expected.

Today we have the industrial productions figures from the eurozone, which are expected to fall to 1% in July from 2.5% in the same month last year.