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Germany's ZEW survey became the latest to pick up a pick up in sentiment. This particular appraisal had been one of the first early on last year to suggest a beginning slide toward downturn. In its latest reading for forward expectations, the index registered +3.1 this week. It was both the highest and first positive reading since last March.
Green shoots!
This contrasts with the other part of the ZEW, surveyed responses gauging sentiment about the current situation. This other one fell to just +5.5, the lowest since November 2014 and around the same low