German ZEW investor economic sentiment indicator likely improved slightly in September

German ZEW investor economic sentiment indicator is likely to have improved just slightly in September. According to a Societe Generale research report, the ZEW investor economic confidence indicator is likely to have risen to 2 in September from 0.5 in August, continuing with a very slow recovery after the Brexit vote.

Financial markets have continued to rebound, but German economy has witnessed certain unexpected weakness in the summer that might be mostly attributed to the holiday season than any statement of the strength of the underlying economy, stated Societe Generale. There is a positive view on domestic conditions of Germany, but the strength of external demand continues to be the main risk factor, added Societe Generale.