FXstreet.com (Barcelona) - After eight months of negative results the German ZEW Survey – Economic Sentiment increased to 5.4 points in February, following -21.6 points in January, according to the ZEW official publication. Analysts expected an rise to -15.0 points.
The German ZEW Survey – Current Situation edged up to 40.3 points in February after an increase to 28.4 points in January and exceeding expectations o f 30.5 points.
ZEW President Prof. Dr. Dr. h.c. mult. Wolfgang Franz comments: “"From the perspective of the financial market experts there is a good chance that the German economy will experience a slight uplift in the second half of 2012. Since consumers do not have to fear for their jobs due to the low unemployment rate, domestic demand will continue to support economic growth. Still, the solution of the crisis in the Eurozone remains an important task.”
The German ZEW Survey – Current Situation edged up to 40.3 points in February after an increase to 28.4 points in January and exceeding expectations o f 30.5 points.
ZEW President Prof. Dr. Dr. h.c. mult. Wolfgang Franz comments: “"From the perspective of the financial market experts there is a good chance that the German economy will experience a slight uplift in the second half of 2012. Since consumers do not have to fear for their jobs due to the low unemployment rate, domestic demand will continue to support economic growth. Still, the solution of the crisis in the Eurozone remains an important task.”
