ZEW index reflects growing optimism in Germany
German investor sentiment showed an unexpected boost in October, with the monthly ZEW index on the half year outlook for the German economy rising moderately to 6.2 basis points, representing a 5.7 point increase.
“The latest ZEW outlook is rather pleasant and reflects quite solid economic expectations. Yet positive signals from the industry and the export sector should not deflect from the existence of political and economic risks, the dangers to the German banking sector in particular” comments ZEW president Achim Wambach.
According to the latest data, the assessment of the current situation in Germany improved by 4.4 basis points to 59.5 points, while the half year outlook for the Eurozone rose by 6.9 points to 12.3. The assessment of the current situation in the Eurozone declined slightly by 2.3 points to -12.8 points.