BERLIN (Reuters) – German investor morale improved in January, the ZEW economic research institute said on Tuesday, reporting a rise in its economic sentiment index to 15.2 points from 12.8 points in December.
Analysts polled by Reuters had pointed to a January reading of 12.0.
“Economic expectations for Germany have improved again,” said ZEW president Achim Wambach. “This is because now more than half of the respondents assume that the ECB will make interest rate cuts in the first half of the year.”
In contrast, the assessment of the economic situation in Germany has remained virtually unchanged, with the corresponding indicator losing 0.2 points and falling to minus 77.3 points.
(Reporting by Maria Martinez, Editing by Linda Pasquini and Miranda Murray)
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