Economic Indicators

German ZEW sentiment index increases by more than expected in December

2022.12.13 05:45

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© 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.

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