Germany ZEW economic sentiment indicator rises slightly in January

Germany’s economic sentiment indicator rose a tad in January, showed the survey data from the Centre for European Economic Research. The ZEW Indicator of Economic Sentiment index increased 2.8 points from December to 16.6 points in January.

The minor rise in the indicator is mainly because of the rebounded economic situation throughout European nations. The fairly good preliminary figures seen for the development of the German GDP in 2016 and also for the euro area industrial production in November 2016 was a surprise to many.

“This improvement in expectations can thus also be seen as a leap of faith for 2017," stated ZEW President Professor Achim Wambach.

Therefore, the current economic situation in Germany has rebounded considerably. The index has risen 13.8 points to a present reading of 77.3 points.

Meanwhile, euro area’s financial market experts’ sentiment about the economic development has also rebounded, with the indicator rising 5.1 points to 23.2 points. Euro area’s current economic situation indicator rose 7.90 points to -0.4 points in January 2017.