Economic news

German economic sentiment rises above forecasts in January

Index of German economic sentiment for the next 6 months in January rose to 20.4 points from 17.4 points in December, the ZEW Centre for Economic Research reported.

The assessment of the current situation in Germany also turned out to be better than expected. The index of the ratio of investors and analysts to the current situation in the German economy this month rose to 95.2 points from 89.3 points in December. Experts predicted that the figure would grow to 89.6 points.

As expected, private consumption, which was an important growth driver last year, will continue to stimulate economic growth in the next six months.

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