German Economic Expectations Rise in January, ZEW Survey Says
By Maria Martinez
German economic expectations increased in January, driven by the
start of Covid-19 vaccinations, the ZEW economic research institute
The measure of economic expectations rose to 61.8 in January
from 55.0 in December, the institute said. The outcome beats
economists' forecast of 59.0 points, taken from a survey by The
Wall Street Journal.
The assessment of the current economic situation in Germany has
also improved to minus 66.4 in January from minus 66.5 in December,
the ZEW institute said. The reading compares with economists'
forecast of minus 66.5 points.
"Despite the uncertainty about the further course of the
lockdown, the economic outlook for the German economy has improved
slightly," Achim Wambach, president of the ZEW institute, said.
Write to Maria Martinez at email@example.com
(END) Dow Jones Newswires
January 19, 2021 05:23 ET (10:23 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.