ZEW: German economic sentiment rises in October - Breaking The News

ZEW: German economic sentiment rises in October

17 October

1 min read

EPA-EFE/OMER MESSINGER

The Economic Sentiment Indicator in Germany stood at negative 1.1 points in October, improving significantly from the negative 11.4 registered the previous month, the Centre for European Economic Research (ZEW) unveiled in its report published on Tuesday. The figure came in above analysts' expectations.

The Current Situation Index for Germany dropped to a negative 79.9 in October from a negative 79.4 in September. Meanwhile, the economic sentiment index for the Eurozone jumped, soaring from negative 8.9 points to 2.3 points.

"The heightened economic expectations are accompanied by the anticipation that inflation rates will decrease further and the fact that now more than three-quarters of respondents anticipate stable short-term interest rates in the Eurozone," ZEW President Professor Achim Wambach commented.

zew data economic sentiment

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