German ZEW Economic Sentiment

Tuesday, 17 January 2012 03:29

The ZEW index of German business sentiment rose by 32.2points, record high in January.
Currently index stands at minus 21.6 points, right from minus 53.8 points in December.
January’s increase outgrew analyst’s expectations of minus 49.3 points reading.
ZEW economic sentiment collects analysts and investors expectations of economy growth for next six months.

Also euro area data showed an improvement in January. The ZEW index for euro countries rose to minus 32.5 points from 54.1 previously.

News had good impact on euro currency, which reminded stronger against all major counterparts on Tuesday.