Economists from Germany’s ZEW Institute noted that the current recession is “not particularly alarming.”
Eurozone’s June ZEW Economic Sentiment -10.0 (expected -11.9; last -9.4)
Germany’s May CPI -0.1% m/m, as expected (last 0.4%); 6.1% yr/yr (expected 6.1%; last 7.2%). June ZEW Economic Sentiment -8.5 (expected -13.1; last -10.7) and ZEW Current Conditions -56.5 (expected -40.0; last -34.8)
Italy’s Q1 Unemployment Rate 8.0% (expected 7.8%; last 7.9%)
Spain’s May CPI 0.0% m/m (expected -0.1%; last 0.6%); 3.2% yr/yr, as expected (last 4.1%). May Core CPI 6.1% yr/yr (last 6.6%)