The Centre for European Economic Research (ZEW) announced today that its investment confidence index rose by 22.3 points to 47.5 points in June.
The assessment of Germany’s current economic situation also improved by 10 points to -72, marking the largest increase observed since April 2023.
“The recent growth in demand for investment and consumption contributed” to the improvement in German investment confidence in June, stated ZEW President Achim Wambach.
Additionally, Wambach noted that investors expect the financial measures announced by the newly elected German government to boost the economy.
Alongside the European Central Bank (ECB) interest rate cuts, these measures “may end the economic stagnation in Germany, which has persisted for nearly three years,” according to Wambach.
Expectations for the eurozone economy also significantly improved in June, with the indicator rising by 23.7 points to 35.3.
The assessment of the current economic situation in the eurozone also increased by 11.7 points to -30.7 points.
