- Before -80.5
- Economic Sentiment (Outlook) 42.9 versus 35.0 expected
- Before 31.7
The overall number is worse than expected, but the silver lining is that at least the outlook number came in better than estimates. This reaffirms that the underlying conditions of the German economy remain difficult, but with the rate cuts announced by the ECB, there is some hope for optimism. Well, for now at least.
This article was written by Justin Low at www.forexlive.com.
cnbctv18-forexlive