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German ZEW Economic Sentiment edged higher in January suggesting, according to experts, a brighter time for the German economy in the next six months and contributed to an optimism that the market outlook for 2013 will be bullish for the shared currency. The ZEW indicator of Economic Sentiment for Germany accelerated by 24.6 points to 31.5 points in January, its new high since May 2010.
"The financial market experts seem to expect that the positive sentiment on the financial markets may soon result in companies realizing investments that had been postponed earlier on. However, the economic situation of important trade partners is rightly considered to still be weak. This suggests that the German economy will further grow at a moderate level in 2013", says ZEW President Prof. Dr. Dr. h. c. mult. Wolfgang Franz.