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German investor sentiment improves
Source: Agencies |
December 14, 2011, Wednesday
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Print Edition
Print Edition
GERMAN investor sentiment rose in December following nine straight falls, but not by as much as anticipated as Europe's debt crisis continued to weigh on the continent's biggest economy, a survey showed yesterday.
ZEW's main investor sentiment index for December rose 1.4 points to minus 53.8 points overall. Analysts had forecast a bigger rise to minus 52.
The survey, which polled 287 analysts and institutional investors from November 28 to December 12, also recorded a 5-point rise in economic sentiment for the 17-nation eurozone, taking the index up to minus 54.1 point.
ZEW said the increases may reflect some optimism over last Friday's deal to bind the economies of the eurozone closer together.
"The decisions of the latest EU summit may have improved the experts' expectations," ZEW president Wolfgang Franz said. "Subject to a consensus on crucial details, these decisions are an important step toward an efficient institutional framework for the currency union."
The negative reading for Germany suggests investors believe the economic situation will weaken over the next six months, Franz said. Still, he added, the slight rise indicates that sentiment "seems to have bottomed out."
ZEW's main investor sentiment index for December rose 1.4 points to minus 53.8 points overall. Analysts had forecast a bigger rise to minus 52.
The survey, which polled 287 analysts and institutional investors from November 28 to December 12, also recorded a 5-point rise in economic sentiment for the 17-nation eurozone, taking the index up to minus 54.1 point.
ZEW said the increases may reflect some optimism over last Friday's deal to bind the economies of the eurozone closer together.
"The decisions of the latest EU summit may have improved the experts' expectations," ZEW president Wolfgang Franz said. "Subject to a consensus on crucial details, these decisions are an important step toward an efficient institutional framework for the currency union."
The negative reading for Germany suggests investors believe the economic situation will weaken over the next six months, Franz said. Still, he added, the slight rise indicates that sentiment "seems to have bottomed out."
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