Germany: Mixed ZEW survey data - BBH

Analysts at BBH note that the German ZEW survey was mixed as the assessment of the current situation rose to 89.3 from 88.8. 

Key Quotes

“This is slightly stronger than expected, but the expectations metric slipped to 17.4 from 18.7.  We would not want to exaggerate the significance of the decline in the expectations component, which is still above where it finished at the end of Q3 (17.0) and above the six and 12-month moving averages.”