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Germany ZEW survey current conditions -47.6 vs -48.0 expected

tradingfxdaily by tradingfxdaily
August 16, 2022
in Forex
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Richmond Fed manufacturing index for May -9 vs. +9 estimate
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  • Prior -45.8
  • Economic sentiment -55.3
  • Prior -53.8

That’s another dismal reading as ZEW notes that they expect a further decline in the already weak economic growth in Germany. Adding that high inflation rates and expected additional costs from higher energy prices are to decrease profit expectations for the private consumption sector.

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