Germany: Slippage in ZEW survey – BBH

Analysts at BBH note that the German ZEW survey slipped as the measure of the current situation eased to 92.3 from 95.2 and the expectations component fell to 17.8 from 20.4.  

Key Quotes

“On one hand, the German economy continues to motor along.  On the other hand, political uncertainty lingers, and perhaps more importantly, the DAX fell almost 12% from January 23 peak to the low on February 9.  The recovery so far has been rather flat, not event reaching a 38.2% retracement of the sudden drop.”