• Prior -84.5
• Economic sentiment 13.1 vs 10.0 expected
• Prior 3.6

The only good news is that the outlook reading is seen improving, with respondents taking positively to more stable inflation expectations and ECB rate cuts. The increased optimism also has partly to do with China’s recent economic stimulus measures, as announced at the end of last month. However, how all of this will translate to the hard data will be up for debate.

This article was written by Justin Low at www.forexlive.com.