Mannheim (dpa -AfX) – The economic expectations of German financial experts lightened themselves more than expected in February. “Shortly before the election day, the economic expectations will experience a significant improvement in February,” Zew President Achim Wambach commented on the data on Tuesday. “Hopes for a new federal government, who is capable of acting, may have ensured increased optimism.”
The mood barometer of the ZEW research institute rose by 15.7 points to 26 points compared to the previous month, as the Center for European Economic Research (ZEW) announced in Mannheim. It has been the highest value since July 2024. An average had only expected an increase to 20 points.
“The clear increase in the ZEW economic expectations underpins the positive economic tendencies of the past few weeks,” says Thomas Gitzel, chief economist of VP Bank. He refers to the last increased order inputs. In addition, the sunken inflation rate that increases the real household income of private households.
“At the same time, the ECB reduces its key interest rates, which reduces financing,” writes Gitzel. Most recently, the European Central Bank (ECB) had reduced interest rates in January. According to ZEW President Wambach, this improved the prospects for the construction industry.
The very low assessment of the economic situation has improved slightly. The corresponding value rose by 1.9 points to minus 88.5 points. Most of the economy had expected 89.4 points.
In the Euro zone Overall, the assessment of economic expectations improved by 6.2 points to 24.2 points. The economic situation improved by 8.5 points to minus 45.3 points.
At the financial markets, the statements did not cause major rashes. Ukraine policy is currently in view of the markets./JSL/JKR/JHA/