Investor confidence rose in Germany in February for the third month in a row, thanks to increased optimism about the evolution of the economy in the coming months.
The Center for European Economic Research (ZEW) has reported that the investment confidence index has risen 9.4 points in February, to 71.2, compared to the previous month.
The assessment of the current situation in Germany has worsened a little in February, 0.8 points, to -67.2, compared to January, so it has barely changed from six months ago and remains at a low level.
Achim Wambach, the president of the ZEW, has indicated that the experts of the financial markets “look with optimism towards the future” and trust that the economy of Germany will grow again within six months.
In addition, experts expect a notable recovery, especially in consumption and trade, which is why they also estimate an increase in inflation.
The expectations of financial market experts in relation to the euro area also rose in February, by 11.3 points, to 69.6.
In addition, the assessment of the current situation in the euro area has improved by 4.3 points to -74.6, which is slightly above the level it was at in October last year.
The ZEW – Leibniz Center for European Economic Research in Mannheim is an economic research institute and a member of the Gottfried Wilhelm Leibniz Scientific Community.
The Economic Sentiment of the German Zentrum für Europäische Wirtschaftsforschung (ZEW) makes it possible to determine the sentiment of institutional investors in Germany. Above 0 indicates optimism while below 0 indicates pessimism. This indicator of business conditions is based on a study of some 350 institutional investors and analysts.