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German economic sentiment hits seven-month high of 26.0, fueled by new government hopes and ECB rate cuts.
German economic sentiment surged in February, reaching a seven-month high of 26.0, up 15.7 points from January.
This improvement is driven by hopes for a new, action-oriented German government and the European Central Bank's interest rate cuts, which have boosted the construction sector.
The ZEW indicator for the eurozone also rose by 6.2 points to 24.2.
This optimism signals a possible rebound in private consumption and stronger economic growth in the coming months.
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El sentimiento económico alemán alcanza un máximo de 26,0 en siete meses, impulsado por las nuevas esperanzas del gobierno y los recortes de tasas del BCE.