ZEW’s sentiment indicator for the Eurozone improved significantly in December

ZEW’s sentiment index, reflecting economic outlooks improved significantly in December, high above the market expectations – the Mannheim-based ZEW (Zentrum für Europäische Wirtschaftsforschung) Economic Research Institute announced on Tuesday.

In December, the German sentiment indicator rose by 7.4 points to 62.0 points compared to the previous month. Analysts expected 55 points.
The same indicator for the euro zone rose by 8.1 points to 68.3 points.

The assessment of the current business environment in Germany increased by 3.7 points to 32.4 points. The market had expected the index to improve to 30 points. (MTI)