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ZEW Sentiment Up Sharply in Dec on Vaccine News

GERMAN DATA

GERMANY DEC ZEW ECONOMIC SENTIMENT +55.0; NOV +39.0

GERMANY DEC CURRENT CONDITIONS -66.5; NOV -64.3

  • ZEW Expectations increased in Dec, rising 16pt to 55.0, coming in stronger than markets expected (BBG: 46.0).
  • As a result, expectations have almost recovered from the sharp decline seen at the beginning of the crisis.
  • The ZEW Current Conditions edged down 2.2pt in Dec amid high infection rates and the extension of the lockdown and showed a slightly weaker reading than markets expected (BBG: -66.0).
  • The report notes that the sharp increase of expectations was mainly driven by the announcement of vaccine approvals, making financial experts more confident about the future.
  • Economic sentiment in the Eurozone improved significantly as well, up 21.6pt to 54.4 in Dec, while current conditions improved marginally by 0.7pt to -75.7.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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