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German economic sentiment climbed to a six-month high in January, with the economic growth expected to pick up in the next six months as COVID-19 cases decline.
Source: ZEW
EWG is down 1.39%.
The ZEW Indicator of Economic Sentiment for Germany stood at 51.7 points in January, up from 29.9 points in December but down from 61.8 in January 2021. This is the highest since July 2021’s 63.3.
The improved sentiment comes as the weakness recorded in the fourth quarter of 2021 is expected to be overcome soon, with the number of COVID-19 cases likely to fall significantly by early summer.
ZEW President Professor Achim Wambach said the growth covers the consumer-related and export-oriented sectors, which cover a significant portion of the German economy.
The financial market experts’ sentiment increased by 22.6 points in January to 49.4, while the situation indicator fell to -6.2. Inflation expectations for the Eurozone stood at -38.7 points, down 5.4 points from December.
Over half of the experts expect the inflation rate to decelerate in the next six months.
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