Germany’s ZEW Survey Improves in December

The recently published Germany’s ZEW Survey showed a large improvement in the Economic Sentiment to 55.0 vs 46.0 expected and from 39 in November.

The expectations component is what really shines in the report, as ZEW said in its publication: “The announcement of imminent vaccine approvals makes financial market experts more confident about the future.”

On a less bright side, the Current Situation declined to -66.5 vs -66 estimated.