By Noreen Burke
Investing.com -- Investor sentiment towards the German economy unexpectedly rebounded in January, according to a key monthly confidence gauge, returning to positive territory for the first time since February 2022.
The ZEW think-tank's forward-looking sentiment index for Europe's largest economy rebounded to 16.9 for the month, up from -23.3 in December. Economists had anticipated that the reading would come in at -15.
A level below zero generally indicates pessimism about the six-month economic outlook.
An assessment of current conditions also improved slightly, rising to -58.6 from -61.4 a month earlier. The more favorable situation in energy markets and the German government's energy price caps were major factors in the improvement.