ZEW: German Economic Sentiment Getting Better
Economic sentiment in Germany improved more than expected in September. Data of the Mannheim-based ZEW research institute showed, that German ZEW economic sentiment index rose to -10.6 in September from -13.7 in August. That was compared to the consensus forecast for a reading -14.0. Meanwhile, the sub-index current conditions figure rose to 76.0 versus 72.0 expected and 72.6 previously.
Eurozone ZEW economic sentiment increased to minus 7.2 in September from minus 11.1 in August. Analysts had expected the index to improve to just -10.9.