• Germany edition
 
German investors feel surge of Christmas cheer
Photo: DPA

German investors feel surge of Christmas cheer

Published: 11 Dec 2012 11:55 GMT+01:00
Updated: 11 Dec 2012 11:55 GMT+01:00

The widely watched investor confidence index calculated by the ZEW economic

institute soared to 6.9 points in December from minus 15.7 points in November.

It was the highest reading since May and also the first time since then that the index has been in positive territory, the institute said.

"Financial market experts are looking to next year with a bit of pre-Christmas optimism," said ZEW chief Wolfgang Franz.

"The economic slowdown we have seen over the past months will also stretch into 2013. But as things currently stand, Germany will be spared a recession," Franz said.

"Nevertheless, a precondition for this is that the eurozone crisis does not intensify further," Franz added.

For the survey, ZEW questions analysts and institutional investors about their current assessment of the economic situation in Germany, as well as their expectations for the coming months.

The sub-index measuring financial market players' view of the current economic situation in Germany edged up by 0.3 point to 5.7 points. A frequent criticism of the index that it can be volatile and is therefore not particularly reliable.

But the better-than-expected reading for December -- analysts had been projecting a much more modest rise in the index to minus 11.3 points -- fits in with other forward-looking data released recently.

In November, the key Ifo business confidence index halted a six-month slide to stage an unexpected rally.

AFP/mry

The Local (news@thelocal.de)

Your comments about this article

14:10 December 11, 2012 by freechoice
how to help the german economy? by spending more!! the Mayan end of the world prophecies can really motivate you to spend!!
Today's headlines
Germany's estate agents plan strike action
Photo: DPA

Germany's estate agents plan strike action

First it was the pilots, then train drivers - now Germany's real estate agents are threatening to go on strike. But their call to arms has been met with sneers rather than sympathy. READ  

Finger slicer's insurance scam fails
Ralf-Werner arriving in court last week. Photo: DPA

Finger slicer's insurance scam fails

An insurance salesman who sawed off his own finger and thumb to claim insurance was given a suspended sentence by a court in northern Germany on Friday. READ  

PKK: banned in Germany, allies in Iraq
Kurdish demonstrators at a rally in Düsseldorf in October. Photo: DPA

PKK: banned in Germany, allies in Iraq

Germany finds itself in a complicated relationship with the Kurdistan Workers' Party (PKK). At home, police must investigate anyone who flies the flag, but in the Middle East they are the best hope of beating back the Islamic State. READ  

Quiz
Will our Halloween quiz give you a fright?
Walpurgis Night in the Harz. Photo: DPA

Will our Halloween quiz give you a fright?

Germany is home to a plethora of haunted castles and has a huge stock of gruesome stories. How well do you know the spooky side of the Germans? READ  

Retail sales show biggest drop for seven years
Photo: DPA

Retail sales show biggest drop for seven years

German shoppers cut back on their spending in September at the fastest rate for seven years, official data showed on Friday. READ  

Fall of the Wall - 25 years
'I'm leaving for the West, who's coming?'
Engels at the spot where he drove through the Wall and in hospital in 1963 after being shot. Photo: Nick Allen/Fotoarchiv Alex Waidmann Berlin

'I'm leaving for the West, who's coming?'

There are many of tales of ingenious and well-thought out escape plans from people desperate to flee from East to West Berlin. Wolfgang Engels’ wasn’t one of them. It was, however, one of the most daring. READ  

Police probe pupils who made Nazi salutes
Pupils used WhatsApp to share messages which are police are investigating. Photo: DPA

Police probe pupils who made Nazi salutes

Police are investigating pupils at a school in Saxony-Anhalt for incitement of the people and use of banned symbols after teenagers allegedly made the Hitler salute. READ  

Time running out for refugees in Berlin school
Representatives of the refugees at a press conference last week. Photo: DPA

Time running out for refugees in Berlin school

An ultimatum for the remaining refugees and their supporters to leave an occupied school in Berlin, which has been the scene of protests for months, will expire at midnight on Friday. READ  

EU promises support for Ukraine gas deal
Photo: DPA

EU promises support for Ukraine gas deal

The European Union will "fully play its role" to implement the gas deal signed by Ukraine and Russia on Thursday, Chancellor Angela Merkel and President Francois Hollande said in a joint statement. READ  

Body scanners to come to more airports
Photo: DPA

Body scanners to come to more airports

Passengers at German airports can expect a controversial full body scan in the future. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Shutterstock
Sponsored Article
Offer: Unlimited airmiles from British Airways
Photo: DPA
Gallery
See how Berlin has changed in 22 photos
Photo: DPA
Gallery
Want to study in Germany? These are the subjects to choose
Photo: DPA
Society
Germans are wide of the mark on immigration
Photo: DPA
Society
Halloween: Where are the spookiest spots?
Photo: DPA
Business & Money
Who wants to work in Germany? A third of the world
Photo: DPA
Society
'We can't allow a proxy war on German streets'
Sponsored Article
International School on the Rhine: a legacy
Photo: DPA
Society
QUIZ: How well do you know Germany?
Photo: DPA/Shutterstock
Gallery
11 things Germans are afraid of...
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
National
Share news tips with The Local Germany
Sponsored Article
Bilingual education from nursery to graduation at Phorms
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

3,534
jobs available
Toytown Germany
Germany's English-speaking crowd