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German ZEW Economic Sentiment Index Beats Estimates in February

Adel 16 February, 2021 4:27 pm Market Update

The German ZEW headline numbers for February showed that the Economic Sentiment Index improved further to 71.2 versus 59.5 expected and 61.8 last.

While the sub-index Current Conditions figure arrived at -67.2 in Feb versus -67.0 expected and -66.4 booked previously.

Meanwhile, the Eurozone ZEW Economic Sentiment for Feb jumped to 69.6 vs. 57.0 expected and 58.3 previous.

“Financial market experts are optimistic about the future; they are confident that the German economy will be back on the growth track within the next six months.”

“Consumption and retail trade, in particular, is expected to recover significantly, accompanied by higher inflation expectations,” ZEW President Professor Achim Wambach noted:

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