The German ZEW Business Confidence Index continued to improve and rise in the June survey, rising by 22.3 points to 47.5, better than the expected 34.8. The June rise came despite a 10-point increase in the assessment of the current economic situation in Germany, the strongest increase since April 2023.
In contrast, the eurozone index rose by 23.7 points to 35.3, in positive territory for the second consecutive month, compared to expectations of a rise of around 23.5. The assessment of the current situation also improved by 11.7 points to -30.7.