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Economic Optimism About Germany, Eurozone Rises
Confidence among European analysts and institutional investors about Germany's economic outlook for the next six months climbed in February, according to the Centre of European Economic Research (ZEW).
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Confidence among European analysts and institutional investors about Germany's economic outlook for the next six months climbed in February, according to the Centre of European Economic Research (ZEW).
The Mannheim, Germany-based group's sentiment index for Germany climbed to 48.2 this month from 31.5 in January. February marked the third consecutive month-on-month increase from a reading of -15.7 in November.
Confidence in the eurozone s outlook also improved. ZEW's sentiment index for the region rose 11.2 points to 42.4. Slightly more than half of those surveyed say the region's economic prospects are "good."
Sentiment about the auto industry improved 11 points from January but remains poor at a reading of -15.6.
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