Sat, 26 Sep 2020

BERLIN, Aug. 11 (Xinhua) -- Economic sentiment in Germany "increased again significantly" in August after having declined slightly in the previous month, according to the monthly expert survey published by the Leibniz Center for European Economic Research (ZEW) on Tuesday.

The ZEW indicator of economic sentiment increased by 12.2 points compared to the previous month to 71.5 points, according to the survey. This was the highest level since January 2004.

However, the indicator for the assessment of the economic situation in Germany had "slightly worsened," down by 0.4 points to minus 81.3 points in August, found the survey among almost 180 analysts.

"Hopes for a speedy economic recovery have continued to grow, but the assessment of the situation is improving only slowly," said ZEW president Achim Wambach.

Expectations regarding the economic development in the eurozone also increased. The indicator for the eurozone rose by 4.4 points to 64.0 points in August, according to the ZEW.

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