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Economic Sentiment Improves in Germany
The closely watched ZEW Indicator of Economic Sentiment for Germany gained nearly 5 points to 53.0 in February.
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The closely watched ZEW Indicator of Economic Sentiment for Germany gained nearly 5 points to 53.0 in February. It was the fourth monthly increase and the highest rating in a year.
ZEW attributes the rise in confidence among financial market experts improved because of unexpectedly strong economic growth in the fourth quarter and new stimulus measures by the European Central Bank.
The German economic institute notes that positive sentiment was partly offset by worries about the Ukraine crisis and Greece's economic "collision course" with the EU.
ZEW reports the German financial community's confidence in current conditions jumped 23 points to 45.5 this month. Sentiment about the eurozone gained 8.7 points in February but stands at a minus 48.4 points.
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