ZEW German economic sentiment index for January 31.5

Author: Gerry Davies | Category: News

Way stronger than Reuters’ median forecast of 12.0. Up huge from Decembers’ 6.9. Highest read since May 2010.

EUR/USD extends recovery, presently back at 1.3325.

ZEW says:

  • Economic perspectives for Germany have brightened up on 6 month horizon
  • Positive sentiment may soon result in companies investing
  • Economic situation of important German trade partners still considered to be weak
  • German economy expected to grow at moderate level this year
  • Some 80% of respondents expect no change in ECB policy rates in next 6 months