According to analysts at TD Securities, while last month’s German ZEW survey saw some relief in the expectations component, they think that bounce is likely to be proven short-lived.
Key Quotes
“We look for expectations to decline to -28.0 in October (mkt -26.4), although still a better level than the -44.1 reached in August, and for current conditions to come in at -22.3 (mkt -23.6).”
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