Germany: ZEW index likely to decline - TDS

Analysts at TD Securities point out that the German ZEW Survey is released for February, and they are expecting declines in both indexes.

Key Quotes

“We see the Current Situation Index falling 10pts to 17.6 (mkt: 20.0) while the Expectations Index falls 5pts to -20 (mkt: -13.6).”

“Data should begin to start turning around in the coming weeks, but surveys remained mired in pessimistic territory, and we see little reason for the ZEW to turn around quite yet.”