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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
GERMAN DATA
MNI (London)
GERMANY ZEW JAN CURRENT SITUATION -58.6 (FCST -57.0); DEC -61.4
GERMANY ZEW JAN EXPECTATIONS 16.9 (FCST -15.0); DEC -23.3
- The January ZEW survey signalled an optimistic kick-off to 2023, as the expectations index rebounded by a huge 40.2 points to re-enter positive territory (for the first time since Feb '22) at 16.9. This was the fourth month of improved outlooks and outpaced forecasts substantially, which expected a more mild 8-point increase.
- A much more modest improvement was recorded in the current situation assessment (up 2.8 points at -58.6).
- Easing inflation, improved optimism surrounding energy supply and lower energy prices (assisted by the introduction of government price caps) added to the optimism boost. Furthermore, easing China restrictions should improve export demand for Germany, which has been a key downward driver in factory orders over the past months.
- This more positive start to the year followed a robust 2022 full-year GDP print for the largest eurozone nation, which hinted at the economy possibly having avoided a Q4 contraction.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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