Ankara: Germany's economic sentiment rose 22.3 points month-on-month to 47.5 in June, according to ZEW data published on Tuesday.

According to Anadolu Agency, the German economic institute cited the 'recent growth in investment and consumer demand' and 'the fiscal policy measures announced by the new German government' as key factors contributing to the rise in the ZEW Indicator of Economic Sentiment in Germany.

ZEW President Achim Wambach, in a statement, indicated that 'combined with the recent interest rate cuts by the ECB (European Central Bank), this could bring economic stagnation in Germany, which has lasted for almost three years, to an end.'

In the broader eurozone, economic sentiment also experienced a significant increase, soaring 23.7 points on a monthly basis to 35.3 points in June.

The current economic situation in Germany improved by 10 points, reaching minus 72 points, marking the largest growth since April 2023. Despite this improvement, it remains the lowest in the eurozone.

Meanwhile, the eurozone's current economic situation climbed 11.7 points in June compared to May, totaling minus 30.7.