German economic sentiment eased in February, but the outlook for Europe’s largest economy remains “positive” amid strong global demand and solid household consumption, the ZEW think tank said Tuesday.
Its measure of economic expectations fell to 17.8 points from 20.4 points in January. Economists polled by The Wall Street Journal had forecast a decline to 16.0 points.
The 211 financial analysts and investors polled by the ZEW in February were also slightly less upbeat about Germany’s current situation, but the corresponding ZEW measure remained close to its record high of 95.2 points reached in January 2018.
The ZEW said that most survey participants expect an increase in inflation in Germany and the eurozone in the next six months.
Source: Dow Jones