Gavekal Capital: Europe's ZEW Survey Foreshadows Disappointing GDP Results
Tuesday, August 12, 2014
Europe's ZEW Survey Foreshadows Disappointing GDP Results
Today's release of ZEW survey data for Germany and the Eurozone did not exactly meet expectations. The consensus was for relatively minor declines (to 18.2 from 27.1 in Germany and to 41.3 from 48.0 in the Eurozone). Instead, economic expectations fell to just 8.6 in Germany and to 23.7 in the Eurozone:
Should we brace for more disappointing results when preliminary Q2 GDP figures are released on Thursday?