Before we talk about our expectations for changes in ZEW Survey – for German economic sentiment, It is important to start with the latest reading of the German Manufacturing PMI, Because of the usual correlation read for the two indicators as both indicators represent the economic outlook for the largest economies in the eurozone.
The manufacturing PMI for October 2019 was revised up by 0.2 from the initial reading to 42.1 from the previously reported initial reading of 41.9 and compared with 41.7 as the final reading of the index for last September.
This revise generally gives the market a positive tune, although the latest reading still indicates ten consecutive months of contraction in Germany Factories since the beginning of 2019, details of the PMI survey indicate that production has fallen at a slower pace coupled with a decline in new orders for the 13th consecutive month, albeit at a slower pace.
It is noticeable as well, The rate of employment decline in the sector accelerated to its fastest pace since January 2010, mostly due to a decrease in the number of temporary workers as per IHS Market reported.
At the same time, the survey shows the sharp decline in the prices of industrial inputs such as steel and plastic in the form of the fastest decline since 2016, which was translated into a clear decrease in the cost of production for the fourth consecutive month and the largest rate since November 2009.
Based on this slight improvement in the reading of the index, we can expect this improvement to continue during the remaining few months of this year, benefiting from the overall improvement in risk appetite.
Returning to Germany’s ZEW economic sentiment index, which recorded a slight drop of 0.3 points in October 2019, now stands at -22.8 points, this keeps the index well below its long-term average of 21.4 points.
👉 ***Do you want to earn a side income with a stable crypto investment platform that generates sustainable monthly yields? Get this: You can now make a steady profit margins thanks to a new innovative way of investing in crypto. YieldNodes is the answer you need to start making a decent profit with cryptocurrency investment whether you are a beginner or professional in the crypto space. A multi-tiered node rental program is what Yield nodes is bringing to the table. Master-noding is the avant-garde of generating high ROI thanks to the ingenious of Stefan Hoermann and his team. With master-noding, you invest and let the platform do the rest for you. What is master-noding? It is not TRADING. It’s a new way of generating revenue by providing technology that relies on a proof of stake approach. Yieldnodes operates these crypto master-nodes and optimizes complex strategies to ensure members earn a profit. Yield Nodes will prioritize your security by providing accurate investment options. Members get protection from external losses or unforeseen changes in market conditions. This is not in any way a get rich quick scheme; once you deposit funds; you have to wait for the yields to mature. Yieldnodes is providing a proven, innovative, and secure way of making high returns on your investment with crypto master-noding. With just a minimum deposit of €500, you are good to go! With a minimum contract duration of four months, it gives users a chance to fully experience master-noding. By joining Yieldnodes, you stand a chance of making 5 to 15% every month. If you are still wondering whether this is a safe option, you can cancel the contract at any given time. For those who want to join and upgrade their investment strategy, Yield Nodes is the solution.
Click Here To Sign up with Yieldnodes Today
PS: YieldNodes is 100% Verified and Recommended by Valforex.com.
This clearly confirms all the data from the PMI survey mentioned above, however, some positive expectations regarding trade tensions have emerged recently, which may affect the expectations of experts for the German economy in the reading of the index for the month of November, taking into account the recent stimulus from the ECB, which may bring a slight improvement in inflation expectations to the end of the year, So, I expect the November reading to be better than the previous reading for October.
NB: You can also use other recommended brokers and start making sustainable profit margins. Your time to make real profits starts with the bold step of signing up. What are you waiting for?
For those who do not know:
Germany’s ZEW Economic Sentiment survey measures analysts’ optimism about the expected economic developments over the next six months. The survey covers up to 350 financial and economic analysts. The indicator is designed to represent the difference between the percentage of optimistic analysts and the percentage of analysts who are pessimistic about the development of the economy.
Therefore, the ZEW confidence indicator appears on a scale from -100, which is mean all analysts expect the economy to deteriorate- to 100, which says all analysts expect the economy to improve. Therefore, logically, a value of 0 indicates that the number of optimistic analysts equals the number of pessimistic analysts.
Analysis Sponsored By Atfx.com
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.