ZEW
  • Prior -56.5
  • Outlook -14.7 vs -10.5 expected
  • Prior -8.5

The mood is darkening in the German economy as sentiment continues to deteriorate as seen in the ZEW survey. The economic climate for the months ahead is also seen falling further to its lowest since December last year and that's not a good sign that the second-half of the year is going to hold up better.