Economic sentiment in Germany is on a multi-year peak

Euro zone’s and Germany's economic sentiment indicator has improved more significantly than expected in January – the ZEW economic research institute announced on Tuesday.

In January Euro zone’s economic sentiment index increased by 23.6 points from the 7.6 points of December to 31.5 points. Analysts expected 14.1 points for January.

In November the indicator was only standing on minus 2.60 points. The index showed positive value (13.10 points) the last time in April 2012. (MTI)