Investing.com - German economic sentiment slightly deteriorated in January, dampening optimism over the health of the euro zone’s largest economy, industry data showed on Tuesday.
In a report, the ZEW Centre for Economic Research said that its index of German economic sentiment dipped by 0.3 points to hit 61.7 this month from December’s reading of 62.0. Analysts had expected the index to rise by 2.0 points to 64.0 in January.
The Current Conditions Index improved to 41.2 this month from 32.4 in December, beating expectations for an increase to 34.1.
Meanwhile, the index of euro zone economic sentiment rose to 73.3 in January from 68.3 in December and above expectations for an increase to 70.2.
On the index, a level above 0.0 indicates optimism, a level below 0.0 indicates pessimism.
Following the release of that data, the euro held on to losses against the U.S. dollar, with EUR/USD shedding 0.14% to trade at 1.3534.
Meanwhile, European stock markets remained higher. The EURO STOXX 50 rose 0.4%, France’s CAC 40 added 0.25%, Germany's DAX inched up 0.3%, while London’s FTSE 100 tacked on 0.1%.
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German ZEW economic sentiment falls to 61.7 in January
Published 01/21/2014, 05:03 AM
German ZEW economic sentiment falls to 61.7 in January
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