2/16, 11:02 AM (Source: TeleTrader)
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ZEW: Euro area economic sentiment up in February

Economic sentiment in the Eurozone improved in February, with the indicator measuring it rising to 69.6, the Centre for European Economic Research (ZEW) stated on Tuesday. The current economic situation index climbed 4.3 points to minus 74.6 points.

At the same time, the economic sentiment index in Germany increased to better-than-expected 71.2 points. The current situation index stood at negative 67.2 points in the same month, failing to meet market estimates.

"The 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 are expected to recover significantly, accompanied by higher inflation expectations," ZEW President Professor Achim Wambach said in the press release.

Breaking the News / MD