Germany ZEW Economic Sentiment rose from 51.7 to 54.3 in February, above expectation of 53.5. Current Situation index rose from -10.2 to -8.1, worse than expectation of -7.0.
Eurozone ZEW Economic Sentiment dropped from 49.4 to 48.6, below expectation of 52.3. Current Situation Index rose 6.8 to 0.6. Inflation expectations for Eurozone rose 3.6 pts to -35.1. 53.2% of expects expect inflation rate to decline in the next six months.
“The economic outlook for Germany continues to improve in February despite growing economic and political uncertainties. Financial market experts expect an easing of pandemic-related restrictions and an economic recovery in the first half of 2022. They still expect inflation to decline, albeit at a slower pace and from a higher level than in previous months. Consequently, more than 50 per cent of the experts now predict that short-term interest rates in the euro area will rise in the next six months,” comments ZEW President Professor Achim Wambach on current expectations.
