The ZEW Business Confidence Index for Germany rose by 20.7 points in June, moving into positive territory after three consecutive months of decline. It reached 10.5, compared to a drop of -10.2 in May, exceeding expectations of a decline to -5.8. This June growth came despite a slight decrease in the assessment of the current economic situation in Germany to -81.0, a drop of 3.2 points from May. This improvement is attributed to the approaching end of the military conflict in the Middle East and easing inflationary pressures in Germany.

At the sector level, the automotive sector showed improvement in expectations, rising by 21.9 points. The chemical, pharmaceutical, and mechanical engineering sectors also improved, while the construction sector experienced a decline of 15.2 points.

In contrast, the index concerned with the Eurozone rose by 18.6 points to reach 9.5 points, while expectations indicated a decline of about 7.2, while the index assessing the current situation continues in the negative zone at 43.4, which is two points lower than the May reading.