German economic confidence strengthened significantly at the start of the year to the highest level since 2015, as the signing of the Phase 1 deal between the US and China eased trade tensions, survey results from the ZEW - Leibniz Centre for European Economic Research in Mannheim showed on Tuesday.
The ZEW Indicator of economic sentiment index surged more-than-expected to 26.7 in January from 10.7 in December. This was the highest score since July 2015, when the score was 29.7. Economists had forecast a reading of 15.0 for January.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.