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Investor confidence in Germany rises sharply
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INVESTOR sentiment in Germany rose sharply again in December driven by a weak euro and plunging oil prices, a survey found yesterday, underlining a sunnier outlook for Europe’s top economy.
The widely watched investor confidence index calculated by the ZEW economic institute jumped by 23.4 points in December, after increasing for the first time this year in November, ZEW said in a statement.
It said there was abundant evidence that faith in Germany among financial market experts was being restored.
“This renewed confidence remains linked to the auspicious economic conditions including the weak euro and the low price of oil,” ZEW president Clemens Fuest said in a statement.
“This positive trend could be seen in the recent data for German exports. But it should be noted that the current economic optimism is fostered by factors that can change quickly.”
For its survey, ZEW questions analysts and institutional investors about their current assessment of the economic situation in Germany, as well as their expectations for the coming months.
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