Economic sentiment in Germany and the euro area has improved significantly, according to a ZEW survey

By: Trademagazin editor Date: 2020. 08. 11. 11:03

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Instead of deteriorating, the economic sentiment index improved unexpectedly sharply, reaching a 16-year high in Germany and a 5-year high in the euro area – according to the August survey of the ZEW Economic Research Institute.

In the ZEW survey, the German sentiment index, which reflects the expectations of economic participants, increased by 12.2 points to 71.5 points from the 59.3 points in July. Analysts expected the deterioration in sentiment to 58.0 points in August.

In March this year, the indicator was the lowest, at minus 49.5 points. It has risen since then.