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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.
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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.
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