(CercleFinance.com) – Investor sentiment improved more than expected in Germany in February, thus continuing its rise that began in the fall, the results of the monthly ZEW survey showed on Tuesday.
The index compiled by the Mannheim-based institute came in at 28.1 this month, down from 16.9 in January and -23.3 in December, where economists expected a more limited rebound, around of 23.
The sub-index measuring current conditions also improved, posting an increase of 13.5 to -45.1 points, while the consensus expected it at -50.
According to the ZEW, investors are showing increasing confidence in the economic outlook six months ahead, thanks to the good performance of profits in the energy sector and the resistance of consumption.
In the financial sector, expectations of a rise in interest rates are at their highest since 2004, notes the president of the institute Achim Wambach.
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