German investor sentiment improves in January, ZEW shows

German investor sentiment improves in January, ZEW shows

German investor confidence improved in January, the ZEW economic research institute said on Tuesday, reporting an increase in the economic confidence index to 15.2 points from 12.8 points in December.

Analysts consulted by Reuters had indicated a value of 12.0 in January.

“Economic expectations for Germany have improved again,” said ZEW President Achim Wambach. “This is because more than half of those surveyed believe the ECB will cut interest rates in the first half of the year.”

The assessment of the economic situation in Germany, however, remained practically unchanged, the relevant indicator lost 0.2 points and fell to -77.3 points.

Source: Terra

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