17 Mar 2015
German ZEW index confirms the positive outlook on the German economy – ING
FXStreet (Barcelona) - Carsten Brzeski of ING, reviews the German ZEW index release, noting that the continuous 5th month increase to 54.8 supports the positive outlook on the German economy.
Key Quotes
“The ZEW index, which measures investors’ confidence, continued its recent upward trend and increased in March for the fifth’s month in a row and now stands at 54.8, from 53.0 in February. At the same time, the current assessment component increased sharply to 55.1 from 45.5 in February.”
“In fact, since November last year, the current assessment component has increased by more than 50 index points, the fastest increase since 2010.”
“Today’s ZEW index shows that – at least in the eyes of financial market participants - the German economy has left all growth concerns behind and is enjoying its first moments of Spring fever.”
“Over the last two years, the ZEW index has returned as an interesting and more reliable indicator for future economic growth. While between 2010 and 2012, the fundamental and structural strength of the German economy prevailed, it is now cyclical factors like dropping oil prices, a weakening euro and the ECB’s QE which are the most important growth drivers.”
“Against this background, today’s ZEW index confirms our positive take on the German economy.”
“As a main beneficiary of the ECB’s QE programme, supported by sound domestic fundamentals, the German economy should power ahead.”
Key Quotes
“The ZEW index, which measures investors’ confidence, continued its recent upward trend and increased in March for the fifth’s month in a row and now stands at 54.8, from 53.0 in February. At the same time, the current assessment component increased sharply to 55.1 from 45.5 in February.”
“In fact, since November last year, the current assessment component has increased by more than 50 index points, the fastest increase since 2010.”
“Today’s ZEW index shows that – at least in the eyes of financial market participants - the German economy has left all growth concerns behind and is enjoying its first moments of Spring fever.”
“Over the last two years, the ZEW index has returned as an interesting and more reliable indicator for future economic growth. While between 2010 and 2012, the fundamental and structural strength of the German economy prevailed, it is now cyclical factors like dropping oil prices, a weakening euro and the ECB’s QE which are the most important growth drivers.”
“Against this background, today’s ZEW index confirms our positive take on the German economy.”
“As a main beneficiary of the ECB’s QE programme, supported by sound domestic fundamentals, the German economy should power ahead.”