ZEW: Euro-area investor sentiment at a twenty-month highs

Instead of the expected decline, the Eurozone investor sentiment index of the ZEW Economic Research Institute in Mannheim rose significantly to its 20-month high in December. The mood index in Germany also improved significantly.

The ZEW Eurozone Investor sentiment index rose 11.2 points in December from minus 1.0 points in the previous month, instead of the expected decline.

The index reached 11.2 points in December, the highest since March 2018.
58.4 percent of the institutional investors and economic operators surveyed, expect no change in economic activity, with 26.4 percent expecting improvement and 15.2 percent worsening. (MTI)