Berlin (Reuters) – The morale of investors in the euro zone has improved in February to reach its highest level since July, shows a survey published on Monday, with a rebound in trust in Germany caused by the hope of a new government.

The Fenix ​​index for the euro zone rose from -17.7 in January to -12.7 in February. This is the highest level since July, exceeding -16.3 provided by analysts interviewed by Reuters.

The survey of 1,111 investors from February 6 to 8 showed that the assessment of the current situation has also improved, from -29.5 in January to -25.5 in February.

Economic expectations for the next six months have increased more dynamically, going from -5.0 in January to 1.0 in February, exceeding the zero threshold for the first time since July.

“The recession of the German economy weighs like a leaden screed in the euro zone,” said the survey. “It is precisely from there that we can hope for an improvement”.

The survey revealed that in Germany – the greatest economy in Europe and that which is faced with federal elections this month – expectations have improved, reflecting the hope that a newly elected government could change the economy course.

(Written by Maria Martinez, Bertrand de Meyer, edited by)

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