Economic Indicators
German ZEW sentiment index increases by more than expected in December
2022.12.13 05:45
© Reuters.
By Scott Kanowsky
Investing.com — Investor sentiment towards the German economy improved by more than predicted in December, according to a key monthly confidence gauge, but remained well within negative territory.
The ZEW think-tank’s forward-looking for Europe’s largest economy rose to -23.3 for the month, up from -36.7 in November. Economists had anticipated that the reading would increase to -26.4.
A level below zero generally indicates pessimism about the six-month economic outlook.
It is the third straight monthly improvement in the figure. The last time it was in positive territory was in February.
