Tuesday, February 13, 2007

Forex News: 13.02.2007 German ZEW index rises to +2.9 pts in February

The ZEW research institute said its economic expectations index for Germany rose 6.5 points from a month earlier to +2.9 points in February, signaling the German economy will pick up speed later this year.

However, the result came in below the consensus forecast of economists, who had predicted a stronger increase to +9.0 points.

The ZEW index measures the confidence of analysts and institutional investors about Germany's economic activity in the coming six months.

Analysts seem to assume that domestic investment spending will develop dynamically and that consumer spending will stabilise.


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