Economic Sentiment Jumps in Europe Despite the Lock-Downs - Forex News by FX Leaders
German ZEW economic sentiment

Economic Sentiment Jumps in Europe Despite the Lock-Downs

Posted Tuesday, January 19, 2021 by
Skerdian Meta • 1 min read

The economic sentiment started to improve in Europe, after turning negative during the first round of lock-downs in spring last year. The sentiment increased above 70 points in September, as the global economy rebounded in summer.

But, it started weakening again in Autumn, and in November it softened considerably, falling to 32 points as the restrictions increased. It got even tougher in December and January, but the sentiment has been improving lately, with the improvement in the manufacturing and industrial sectors. Below are the German and Eurozone reports:

 

Germany ZEW Economic Sentiment 

  • January ZEW survey current situation -66.4 points vs -68.3 expected
  • December current situation -66.5 points
  • Expectations January 61.8 points vs 59.4 expected
  • Expectations December 55.0 points

Eurozone ZEW Economic Sentiment 

  • Eurozone January expectations 58.3
  • December expectations 54.4

The continued jump in the expectations component remains the standout in the report, as vaccine optimism and hopes of a stronger economic reopening later in the year is fueling more positive sentiment to start the new year.

This reflects the more optimistic investor sentiment too, but we’ll see how well this will hold up in light of restrictions, which in all likelihood are set to be prolonged until April.
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
Related Articles
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments