In March, German investor confidence in the economy reached a two-year high with an expected ECB interest rate cut.
German investor confidence in the economy reached a two-year high in March on expectations of an ECB interest rate cut. The ZEW economic research institute reported a rise in its economic sentiment index to 31.7 points, exceeding analyst estimates of 20.5. More than 80% of those surveyed expect the ECB to cut interest rates in the next six months, potentially improving the outlook for the construction industry. The German export sector benefits from increased economic expectations for China and the expected depreciation of the dollar against the euro.
March 19, 2024
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