Germany July ZEW survey economic sentiment -53.8 vs -38.3 expected

  • Prior -28.0
  • Current conditions -45.8 vs -34.5 expected
  • Prior -27.6

Slight delay in the release by the source. That’s a significant miss as ZEW notes that the combination of concerns about energy supply in Germany, the ECB’s planned rate hikes and further pandemic-related restrictions in China have led to a considerable deterioration in the economic outlook.

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