Germany: ZEW Survey – Economic Sentiment improves considerably in February

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.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS