The ZEW indicator of economic sentiment in Germany turned positive in December, rising to the highest level in 21 months.
The ZEW registered a reading of 10.7 points, up from -2.1 in November. "This hope results from a higher than expected German foreign trade surplus in October, alongside relatively robust economic growth in the EU in the third quarter and a stable German labor market.
The rather unfavorable figures for industrial production and incoming orders for October, however, show that the economy is still quite fragile," said ZEW President Professor Achim Wambach in a statement.
Source : Market Watch