German economic confidence improved notably in December after the announcement of forthcoming Covid-19 vaccine approvals, survey results from the ZEW - Leibniz Centre for European Economic Research showed on Tuesday.
The ZEW Indicator of Economic Sentiment climbed more-than-expected to 55.0 in December from 39.0 in the previous month.
The score was expected to advance to 45.5. Economic expectations have largely recovered from the sharp decline posted in November.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.