The economic sentiment indicator in Germany came in at 15.7 in December, rising by 8.3 points compared to last month's reading, the Centre for European Economic Research (ZEW) revealed on Tuesday. The current situation indicator declined in the reported period, reaching a negative 93.1 points, dropping 1.7 points from November's reading.
"With snap elections ahead in Germany and the resulting 17 December 2024 expectations of an economic policy encouraging private investment as well as the prospect of further interest rate cuts, the economic outlook is improving," ZEW President Professor Achim Wambach commented.
The current situation index in the euro area plunged by 11.2 points to negative 55.0 points in December, while the economic sentiment indicator in the region improved by 4.5 points to 17.0.
