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German ZEW Sees Muted Feb Bounce

GERMAN DATA
MNI (London)

GERMANY FEB ZEW ECONOMIC SENTIMENT 54.3: JAN 51.7

GERMANY FEB ZEW CURRENT SITUATION -8.1; JAN -10.2

  • Both ZEW readings were below forecasted figures, with German economic sentiment rising 2.6 points to 54.3 in February (55.0 expected), whilst the current conditions index improved by 2.1 points to -8.1 (-6.5 expected).
  • Current conditions continued to improve in February from very pessimistic readings, despite both economic and political uncertainty.
  • The foreseen reduction in pandemic-related restrictions and inflation beginning to fall are the key drivers of improved optimism regarding growth outlooks.

Source: : ZEW – Leibniz-Zentrum für Europaeische Wirtschaftsforschung

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