Published December 11, 2012
German analyst and investor sentiment rose sharply in December on the back of encouraging U.S. economic data, entering positive territory for the first time since May, a leading survey showed on Tuesday.
The Mannheim-based ZEW think tank said its monthly poll of economic sentiment jumped to 6.9 points from -15.7 in November, coming in well above the consensus forecast in a Reuters poll of 41 analysts for a reading of -12.0.
A separate gauge of current conditions rose to 5.7 from 5.4 in November, above a consensus for 5.0.
The index was based on a survey of 278 analysts and investors conducted between Nov. 26 and Dec. 10, ZEW said.