The Centre for European Economic Research (ZEW) Indicator of Economic Sentiment, a monthly Financial Markets survey, shows the balance between positive and negative expectations regarding future economic activity in Germany within the next six months. The indicator increased considerably in December and now stands at +73.4 points compared with +67.2 points in November.
“The financial analysts’ expectations reflect their undiminished optimism. Now it is important that thorough reforms are realized,” said ZEW president Prof. Dr. Wolfgang Franz. These optimistic expectations are supported by fundamental factors such as the strong increase in incoming orders in Germany and the robust US-economy. For this reason the stronger euro is currently of minor importance.
