Eurozone ZEW-Konjunkturerwartungen

The ZEW Indicator of Economic Sentiment for the Euro Area rose by 4.5 points to 17 in December 2024, well above market expectations of 12.2. The improvement in sentiment was driven by a more optimistic economic outlook, fueled by early elections in Germany, which heightened expectations of investment-friendly policies, alongside prospects of lower interest rates and stable inflation. In December, about 56.6% of the surveyed analysts expected no changes in economic activity, 30.2% saw an improvement and 13.2% anticipated a deterioration. In the meantime, the indicator of the current economic situation dropped by 11.2 points to -55 and inflation expectations fell by 10.5 points to -23.9.