Germany's ZEW Sentiment Jumps to 26.3 in July as Recovery Hopes Build
Updated
Updated · Action Forex · Jul 21
Germany's ZEW Sentiment Jumps to 26.3 in July as Recovery Hopes Build
3 articles · Updated · Action Forex · Jul 21
Summary
26.3 — Germany’s ZEW economic sentiment index surged from 10.5 in July, its highest since February and far above the 15.1 forecast.
Exports, domestic demand and recent economic reforms drove the improvement, with mechanical engineering, construction and other industrial sectors showing broader gains.
The current-situation index still sat at -77.6 despite improving from -81.0, underscoring that the economy remains weak even as expectations brighten.
The automotive sector bucked the trend, with sentiment worsening to -46.6, highlighting persistent strain in one of Germany’s key industries.
Eurozone sentiment also strengthened to 23.4 from 9.5, though ZEW warned the Iran conflict and high oil prices still threaten the recovery.