German ZEW January data underpins Euro sentiment as energy crisis risks abate
Incoming data on the German economy continues to install confidence to Euro longs. After PMI and ZEW, the positive series was updated by the Ifo report, which indicated an improvement in the prospects for the German economy. In January, the index was 90.2 against 88.6 in December and returned to the levels of mid-2022:While the […]
Germany January ZEW survey current conditions -58.6 vs -58.0 expected
Prior -61.4 Outlook 16.9 vs -15.0 expected Prior -23.3 The standout data in the report here is that the outlook for the German economy has improved drastically into positive territory – the first time since February last year. This comes after a less harsh winter (helping with the energy situation) and as inflation pressures are […]
German ZEW Economic Sentiment Index rebounds to 16.9 in January vs. -15.5 expected
Economic sentiment in Germany and the Eurozone unexpectedly turned positive in January. EUR/USD remains unimpressed by the upbeat ZEW surveys, keeping its range around 1.0815. The German ZEW headline numbers showed that the Economic Sentiment Index returned to positive territory, arriving at 16.9 in January from -23.3 in December, beating the market expectation of -15.5. […]