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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