Tuesday, December 12, 2006

Forex News: 12.12.2006 German Dec. ZEW economic sentiment index increased to -19.0

Business expectations have improved sharply in Germany as a part of a general economic recovery, as the latest report from the Center of Economic Research shows.

The economic expectations index increased to -19.0 in December after having fallen for the tenth consecutive time to -28.5, its lowest level since 1993. December level marks the highest record since last August.

The level reflects a low business activity, taking on account that the historical average is 33.7


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