15 Sep 2015
German ZEW: Mixed signals in September - ING
FXStreet (Delhi) – Carsten Brzeski, Research Analyst at ING, note that today’s release of German ZEW data has sent mixed signals for the economy.
Key Quotes
“ The index, which measures investors’ confidence, dropped to 12.1 in September, from 25.0 in August, and now stands at its lowest level since November last year. At the same time, the current assessment component increased for the third consecutive month to 67.5, from 65.7 in August.”
“The discrepancy between current assessment and expectations has increased over the last months. To some extent, this widening is normal the question on the future is relative to the current situation. An improvement of the current situation therefore always leads to a drop in the expectation component.”
Key Quotes
“ The index, which measures investors’ confidence, dropped to 12.1 in September, from 25.0 in August, and now stands at its lowest level since November last year. At the same time, the current assessment component increased for the third consecutive month to 67.5, from 65.7 in August.”
“The discrepancy between current assessment and expectations has increased over the last months. To some extent, this widening is normal the question on the future is relative to the current situation. An improvement of the current situation therefore always leads to a drop in the expectation component.”