German ZEW business morale rebounds less-than expected in Aug

The German business morale bounced-back into the positive territory for August, following July’s sharp deterioration, a ZEW survey showed on Tuesday.

The headline ZEW economic sentiment came in stronger at 0.5 in August as compared to July’s -6.8 points, however, came in way below markets’ expectations of a 2.0 reading.

The current conditions sub-indicator came in at 57.6 points in August, rising from July’s 49.80 and beating forecasts of 50.2 points.