Following the release of the business sentiment surveys, Germany’s Zentrum für Europäische Wirtschaftsforschung (ZEW) said that “for the first time since February 2022, the indicator is thus back in positive territory.”
Additional takeaways
“The assessment of the economic situation in Germany has also improved further, but only slightly.”
“The more favorable situation on the energy markets and the german government’s energy price caps have contributed to this in particular.”
“Export conditions for the german economy are improving due to china’s lifting of covid-restrictions.“
“The earnings expectations of the export-oriented and energy-intensive sectors have gone up significantly.”
“The prospect that the inflation rate will continue to fall has brightened expectations for the consumer-related sectors.”
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