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Economic Sentiment Rises in Germany
Germany’s financial community has grown more optimistic this month, according to the closely watched ZEW Indicator of Economic Sentiment from the Mannheim Center for European Economic Research.
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Germany’s financial community has grown more optimistic this month, according to the closely watched ZEW Indicator of Economic Sentiment from the Mannheim Center for European Economic Research.
The index, which was above 50 in early 2015, has been hovering around zero since July. This month it gained 5.7 points to reach 6.2 compared with a long-term average of 24.1. ZEW says its index of current conditions gained 4.4 points to reach 59.4 this month.
The gains reflect “relatively robust” economic activity in Germany, according to the institute. But it cautions that political and economic risks remain, especially those that could impact the German banking sector.
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