Germany December ZEW Economic Sentiment Index -23.3...Improved from Previous Month
[Asia Economy Reporter Minwoo Lee] Germany's December economic sentiment index continued its negative streak for the ninth consecutive month. However, it showed some improvement compared to the previous month.
On the 13th (local time), according to Dow Jones, Germany's private economic research institute, the Center for European Economic Research (ZEW), recorded a December economic sentiment index of -23.2.
Although the negative trend persisted for nine months, it significantly improved from -36.7 in the previous month. It was also lower than the expert forecast of -26.4 compiled by The Wall Street Journal (WSJ).
The ZEW economic sentiment index is a leading indicator reflecting economic outlook for the next six months.
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However, the current situation assessment remained negative. The ZEW current conditions index, which represents this, showed -61.4. It slightly improved from -64.5 in the previous month but fell short of Wall Street's forecast of -57.0.
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