German investor sentiment rises for the third straight month in January

German investor sentiment rose above forecasts in January, as improved expectations for exports brightened the outlook for European Union’s largest economy.

The survey from ZEW economic research institute showed that economic sentiment increased to 61.8 in January from 55.0 previous month and climbed well above 60.0 forecast.

The economic outlook for the German economy has improved despite the uncertainty about the further course of the lockdown, pointing to a significant rise in export expectations in January.

A separate survey of current conditions edged up to -66.4 from -66.5 previous month, compared to forecast of -68.5 points.