The economic sentiment indicator in Germany came in at negative 23.3 points in December, up 13.4 points compared to the month prior, a survey conducted by the Centre for European Economic Research (ZEW) showed on Tuesday. Additionally, the current situation index in Germany stood at negative 61.4 points, recovering from November's reading of negative 64.5 points.
The economic sentiment indicator for the euro area improved by 15.1 points on a monthly basis to stand at negative 23.6 points in December, while the indicator for the current economic situation in the Eurozone bettered by 7.7 points, reaching negative 57.4 points.
"The ZEW Indicator of Economic Sentiment rises again significantly in December. The vast majority of financial market experts expect the inflation rate to decline in the coming months. Together with the temporary stabilization on the energy markets, this leads to a significant improvement in the economic outlook," ZEW President Professor Achim Wambach shared.
