German Feb ZEW economic sentiment drops to -13.4, current situation worsens to 15.0

The German ZEW headline numbers for February showed that the economic sentiment index dropped to -13.4 versus -14.0 expectations and -15.0 last. While the sub-index current conditions figure plunged to 15.0 versus 23.0 expected and 27.6 booked previously, missing market expectatiThe German ZEW headline numbers for February showed that the economic sentiment index dropped to -13.4 versus -14.0 expectations and -15.0 last. While the sub-index current conditions figure plunged to 15.0 versus 23.0 expected and 27.6 booked previously, missing market expectations by a big margin.ns by a big margin.

About German ZEW

These numbers are derived via a survey of about 300 German institutional investors and analysts, conducted by the Zentrum für Europäische Wirtschaftsforschung (ZEW), which asks respondents to rate the relative 6-month economic outlook for Germany. Generally speaking, an optimistic view is considered as positive (or bullish) for the EUR, whereas a pessimistic view is considered as negative (or bearish).