Prior -77.3Expectations 19.9 vs 17.5 expectedPrior 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.