German ZEW: Scope for upside surprises in both the Current Conditions and Expectations - TDS

According to the analysts at TDS, the German ZEW index offers a first glance at business sentiment in April and they see scope for upside surprises in both the Current Conditions and Expectations indexes, with the former rising to 80.4 (consensus: 77.5) and the latter rising to 15.3 (consensus: 14.5).

Key Quotes

“A Current Conditions index above 80 would mark the series’ highest level since 2011, mirroring similar patterns seen in other survey data in recent months (eg the PMIs). Industrial production for the euro area is also published, and markets expect an increase of 0.1% m/m. We see upside risks based on recent country-level data.”