- Analytics
- News and Tools
- Market News
- German ZEW Economic Sentiment Index improves to 54.3 in February, misses estimates
German ZEW Economic Sentiment Index improves to 54.3 in February, misses estimates
- German ZEW Economic Sentiment arrived at 54.3 in February, up from 51.7 previous.
- The ZEW Current Situation for Germany came in at -8.1 in February vs -10.2 in January.
- EUR/USD holds higher ground near 1.1350 on mixed German and Eurozone data.
The German ZEW headline numbers for February showed that the Economic Sentiment Index jumped again, registering 54.3 from 51.7 previous while missing estimates of 55.0.
Meanwhile, the Current Conditions sub-index slowed its pace of decline to -8.1 in February as against -10.2 recorded in the previous month and -6.0 expectations.
The Eurozone ZEW Economic Sentiment rose to 48.6 for the current month as compared to the 49.4 previous reading.
Separately, the second estimate of the bloc’s Q4 Gross Domestic Product (GDP) came in at 0.3% QoQ vs. 0.3% expected and 0.3% previous.
The Eurozone Employment Change for Q4 arrived at 0.5% QoQ vs. 0.4% expected and 0.9% prior.
FX market reaction
The euro remains unfazed by the mixed ZEW Surveys and Eurozone data. EUR/USD was last seen trading at 1.1350, up 0.42% on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
