The investment climate in Germany improved unexpectedly in November, amid expectations that price pressures will ease early next year and growth will recover in Europe’s largest economy.
The ZEW economic research institute announced that its survey of the economic climate among investors rose to 31.7 points from 22.3 points in October.
Estimates spoke of a drop to 20 points.
“Market experts are more optimistic about the next six months,” said ZEW President Achim Wambach.
“For the first quarter of 2022, they expect growth to recover again and inflation to fall in both Germany and the eurozone,” he added.
The separate ZEW index, which records the current conditions, fell to 12.5 points from 21.6 points in October.
Estimates spoke of 18 points.
Source From: Capital