The Eurozone Economic Sentiment Index for June recorded -10.


A woman withdrawing euro banknotes from an ATM in Zagreb, the capital of Croatia. [Image source=AFP Yonhap News]

A woman withdrawing euro banknotes from an ATM in Zagreb, the capital of Croatia. [Image source=AFP Yonhap News]

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The European Economic Research Center (ZEW) announced on the 13th (local time) that the Eurozone Economic Sentiment Index for June was recorded at -10. This was better than the expected -11.9.


The ZEW Economic Sentiment Index is an indicator of the Eurozone's economic outlook for the next six months. A figure above 0 indicates an optimistic economic outlook, while a figure below 0 indicates a pessimistic outlook. It is calculated based on a survey of 350 German institutional investors and analysts.


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Although the figure was negative, it was higher than expected. When the actual statistics are higher than expected, it means the value and outlook of the euro are positive.


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