BERLIN (Reuters) – Investor sentiment in Germany continued to improve in February, more strongly than expected, a survey by the ZEW economic research institute showed on Tuesday.
Its index rose this month to 28.1, the fifth consecutive month of increases, after 16.9 in January.
Economists and analysts polled by Reuters on average expected 22.0.
The Investor Judgment of the Current Situation sub-index also showed an improvement, the fourth in a row, but remains in negative territory as it came out at -45.1 after -58.6 against a consensus of -50.5 .
For the President of the ZEW Institute, Achim Wambach, even if the current situation is still considered relatively unfavorable, a large part of the participants in the survey expects it to improve in six months.
“As in the previous month, the upgraded outlook can be attributed to higher earnings expectations in the energy-related, export-related, as well as consumer-related sectors,” he added.
(Report Friederike Heine and Maria Martinez; Claude Chendjou, edited by Kate Entringer)
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