Germany ZEW Economic Sentiment rose 16.0 pts to 55.0 in December, above expectation of 45.2. Current Situation dropped -2.2 pts to -66.5. Eurozone ZEW Economic Sentiment rose 21.6 pts to 54.4. Eurozone current situation rose 0.7 pts to 75.7.
“The announcement of imminent vaccine approvals makes financial market experts more confident about the future. The ZEW Indicator of Economic Sentiment increased significantly in December despite the still high numbers of new coronavirus infections. This is most likely due to the announced forthcoming COVID-19 vaccine approvals,” comments ZEW President Achim Wambach on the current expectations.
