FX.co ★ German ZEW Economic Confidence Strongest In 10 Months

German economic confidence strengthened to a 10-month high at the end of 2022, a monthly survey conducted by the Mannheim-based research institute ZEW revealed on Tuesday.

The ZEW Indicator of Economic Sentiment rose sharply to -23.3 in December from -36.7 in November. The reading was also much better than economists' forecast of -26.4.

Although the reading remained negative, it was the highest since February 2022.

At the same time, the current conditions index improved moderately in December to -61.4. The expected level was -57.0.