German economic sentiment fell more than expected in December, according to a survey by the ZEW Institute for European Economic Research. The economic sentiment index fell to 17.4 points from 18.7 in the previous month, while expectations were for a decline to only 18 points.
However, the current situation index rose to 89.3 points in December from 88.8 in the previous month, after it was expected to drop to 88.5 points.
The outlook for the German economy remains positive over the next six months, and the uncertainty surrounding the formation of the German government hasn't had any significant impact on the assessment of the economic outlook, ZEW president said.
