The German economic sentiment continued to climb in June, according to a report by the Center for European Economic Research (ZEW) published on Tuesday. The expectations index grew from 47.5 in June to 52.7 to exceed analysts' expectations.
Meanwhile, the current situation index for Germany increased to a negative 59.5 in July from a negative 72.0 in June. The economic sentiment index for the Eurozone jumped, increasing from 35.3 points to 36.1 points, while the current situation index gained 6.5 points to reach a negative 24.2.
"Hopes for a quick resolution to the US-EU tariff dispute, along with potential economic stimulus from the German government’s planned immediate investment programme, appear to be shaping overall sentiment," ZEW President Professor Achim Wambach remarked in the report.
