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Economic Outlook Jumps in Germany
Confidence in about Germany’s economy by financial experts has improved significantly this month, according to the ZEW Indicator of Economic Sentiment.
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Confidence in about Germany’s economy by financial experts has improved significantly this month, according to the ZEW Indicator of Economic Sentiment.
ZEW’s index, which rose in each of the past three months, jumped to 13.8 from 6.2 in October. The increase signals confidence in stronger economic growth over the next six months, according to the Manheim-based research group.
But ZEW cautions that the positive effect of good economic news from China and the U.S. is partly offset by uncertainty about the impact of Donald Trump’s election as the next U.S. president. Sentiment turned less positive after the election, lowering the financial community’s view of current conditions in Germany, according to ZEW.
The index also shows that sentiment among financial market experts about the eurozone rose by 3.5 points to 15.8 this month. An indicator for the current economic situation in the region gained 3.5 points to a minus 9.3.
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