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12/7/2021, 11:05 AM (Source: TeleTrader)
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ZEW: Eurozone economic sentiment rises in December

The economic sentiment in the Eurozone rose in December, the Centre for European Economic Research (ZEW) unveiled in its report on Tuesday.

The index, which calculates the expectations for the euro area's economic development, increased from 25.9 recorded in November to 26.8, constituting a 0.9 point monthly gain and surpassing analysts' predictions.

The figure for economic sentiment in Germany specifically declined 1.8 points when compared to the month prior to 29.9, but it still managed to beat market expectations. Meanwhile, the current situation estimates index saw a very large decline, going from 12.5 to a negative 7.4.

Baha Breaking News (BBN) / OL