German ZEW survey shows pick up in recovery mood in July
July current conditions -77.6 vs -77.8 expectedPrior -81.0July outlook 26.3 vs 17.5 expectedPrior 10.5Even with a slight rebound, current conditions remain subdued and that is reflective of the dampened economic mood as a result of the Middle East conflict. As tensions escalate once again, that is just making for a tough time for German firms. The good news at least is that the outlook is seen picking up going into July.
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