Mexican Media Brands
Economic Sentiment Surges in Germany
Confidence within Germany’s financial community about the country’s economy jumped sharply in June, according to the closely watched ZEW index from the Mannheim Centre for European Economic Research.
#economics
Share
Confidence within Germany’s financial community about the country’s economy jumped sharply in June, according to the closely watched ZEW index from the Mannheim Centre for European Economic Research.
ZEW’s Indicator of Economic Sentiment surged to 19.2 points in June from 6.4 in May. Over the past 15 months the index has ranged from a high of 54.8 in March 2015 to 1.0 last February. The measure’s long-term average is 24.4.
The center says the upswing in sentiment signals that financial market experts are confident about the resilience of the German economy. The financial community's assessment of current conditions in Germany gained 1.4 points to 54.5 this month, ZEW reports.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.