Germany: ZEW economic expectations for August to increase to -8.5 – Nomura

Analysts at Nomura are expecting the German ZEW for August to increase to -8.5 from -24.7 in July owing to an improvement in market sentiment following July’s meeting between Trump and Junker.

Key Quotes

“We would be cautious about reading too much into one month’s data. The concerns about the US’s protectionist policy may continue to weigh on the global economy, ultimately adding uncertainty to the German economic outlook.”