ZEW Economic Sentiment Data for Germany and Eurozone Shows Positive Trends

The German ZEW Institute released its Economic Sentiment Indicators for Germany and the Eurozone for December on Tuesday, revealing stronger-than-expected results.

For Germany, the ZEW Economic Sentiment Index rose to 15.7 points, surpassing market expectations that had anticipated a decline to 6.8 points in September. The new reading also marked an improvement from the previous month’s value of 7.4 points in November.

Meanwhile, the Eurozone saw a notable increase in the Economic Sentiment Index, which surged to 17.0 points in December. This figure exceeded market forecasts of 12.2 points and was significantly higher than the previous month’s index value of around 12.5 points.

The ZEW Economic Sentiment Index is derived from surveys conducted with approximately 275 investment firms and German economic analysts. These participants provide insights into economic expectations for the next six months across Germany and Europe, making the index a crucial early indicator of upcoming economic trends and activity.