ZEW economic sentiment in Germany

Tuesday, 19 June 2012 04:05

As ZEW Center for Economic Research informed today level of economic sentiment in Germany declined significantly in June.
Agency said than index went down to minus 16.9 points, form positive 10.8 reported in May.
The data was a big surprise for economists, who estimated reading of 3.8 points in June.
The same situation did accrue in whole euro zone. Economic sentiment for euro area declined to minus 20.1 points, while analysts forecasted reading of minus 5.7.
The couple EUR/USD reached 1.2594 after data release.