ZEW’s economic sentiment in Germany and the euro area improved significantly in January

Unexpectedly, investor sentiment in Germany and the euro area has improved dramatically, far from expectations, according to a survey released Tuesday by the ZEW Economic Research Institute in Mannheim. The German index reached a four-and-a-half-year high and the euro area reached a nearly two-year high.

The German economic sentiment index increased by 16.0 points to 26.7 points in January, the highest since July 2015.

The market was expecting a slight upturn, 15.0 points after 10.7 points in December. (MTI)