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1/19, 11:02 AM (Source: TeleTrader)
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ZEW: German economic sentiment up in January

The economic sentiment in Germany is expected to improve in January, according to a report by the Centre for European Economic Research (ZEW) on Tuesday. It increased to 61.8 from 55.0 in December, beating the expected figure of 59.4. Meanwhile, the current situation stands at -66.4 points, 0.1 points higher than in December.

"Despite the uncertainty about the further course of the lockdown, the economic outlook for the German economy has improved slightly. The results of the ZEW Financial Market Survey in January show that export expectations in particular have risen significantly," said ZEW President Achim Wambach.

The Eurozone sentiment indicator for January was up by 3.9 points to 58.3 points, while the indicator for the current economic situation dropped by 3.2 points and now stands at -78.9 points. Inflation expectations for the Eurozone rose by 10.9 points to 51.6 points, and in Germany the expectations stand at 58.2 points in January, 18.6 points higher than in December.

Breaking the News / DJ