Latest data released by ZEW - 19 March 2019
- Prior 15.0
- Expectations -3.6 vs -11.0 expected
- Prior -13.4
- Eurozone expectations 2.5
- Prior -16.6
Slight delay in the release by the source. The headline reading continues to fall but the outlook/expectations are growing slightly more optimistic at least. ZEW notes that sentiment towards major economic risks are considered to be less dramatic than before, with progress made between US-China trade talks is said to have have contributed to the better outlook in this month's reading.
That said, the headline reading should underscore that German growth in Q1 2019 is still expected to be somewhat on the weaker side. EUR/USD holds steady at 1.1353 currently, still near the highs for the day.
