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Germany's economic sentiment sees modest rise in December 2023

15 Dec '23
1 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • In December 2023, Germany's ZEW Economic Sentiment Indicator slightly rose by 3 points to 12.8, indicating cautious optimism about the economy's six-month outlook.
  • The current economic situation in Germany also saw a modest improvement, with the indicator increasing by 2.7 points to minus 77.1.
  • The eurozone's economic sentiment significantly improved.
In December 2023, the ZEW Indicator of Economic Sentiment for Germany reported a modest increase, signalling a cautious optimism among financial market experts. The indicator, which reflects the experts' expectations for the German economy over the next six months, rose by 3 points from the previous month, reaching 12.8 points.

This uptick in sentiment is accompanied by a slightly improved perception of the current economic situation in Germany. The indicator for the assessment of the present economic condition increased by 2.7 points, now standing at minus 77.1 points.

In the eurozone, the economic sentiment witnessed a more substantial boost. The indicator for the region's economic development jumped by 9.2 points compared to November, landing at 23.0 points, as per ZEW.

ALCHEMPro News Desk (DP)
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