The SAFE Manager Sentiment Index reached +0.23 points in December. Managers of companies listed in Germany used less negative language in their financial market communication. The tone of financial reports improved from -1.38 to -1.07 points, as did that of earnings conference calls. There, the value increased even more significantly from +0.90 to +1.43 points.
“The third quarter was significantly better than the chaotic second quarter that was characterized by geopolitical uncertainty,” says Florian Heider, Scientific Director of the Leibniz Institute for Financial Research SAFE. The improvement is reflected in the SAFE Index, which takes into account texts published between September and November.
