Forex News

19.06.2007 - ZEW economic expectations index fell in Germany in June
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Economic expectations in Germany unexpectedly worsened in June, ZEW reported today. The ZEW economic expectations index decreased in June by 3.7 points to 20.3, compared with 24.0 points in May.
The index fell after six-month consecutive growth and was still below its historical average - 33.0 points. Besides, the index was below analysts’ estimates, who expected the increase to 27.5 points in June.
The assessment of the current economic situation in Germany improved slightly, by 0.7 points to 88.7. The assessment of current economic situation for the euro area rose in June by 4.2 points to 86. The index of economic expectations for the euro area fell in June by 3.3 points to 19.