German investor sentiment is recovering more than expected – #German #investor #sentiment #recovering #expected

BERLIN, 20 February (Reuters) – German investor sentiment continued to recover in February, economic research institute ZEW said on Tuesday.

The institute’s economic sentiment index rose to 28.1 from 16.9 in January, marking its fifth consecutive monthly increase.

A Reuters poll showed a reading of 22.0 in February.

The assessment of the economic situation in Germany also continued to improve, rising for the fourth month in a row. The index rose 13.5 points to minus 45.1 points compared to the previous month, but is still in negative territory.

Although the current situation is still considered relatively unfavorable, a large part of the respondents expect the economic situation to improve within six months, ZEW President Achim Wambach said.

“As in the previous month, the increase in expectations can be traced to higher earnings expectations in the energy and export-oriented sectors, as well as in the consumer-related parts of the economy,” Wambach said.

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Reporting by Friederike Heine and Maria Martinez Editing by Miranda Murray and Rachel More

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2023-02-21 14:44:01
Source – reuters

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