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Economic Outlook Improves in Germany
Confidence within Germany’s financial markets rebounded in November after seven months of steady decline, according to the ZEW Indicator of Economic Sentiment.
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Confidence within Germany’s financial markets rebounded in November after seven months of steady decline, according to the ZEW Indicator of Economic Sentiment.
The index, which slid from a 13-month high of 54.8 in March to 1.9 in October, gained 8.5 points this month to reach 10.4. The measure indicates attitude about Germany’s economy six months ahead and has a long-term average of 24.8.
ZEW (the Mannheim Centre for European Economic Research) says the weaker euro, continuing growth in the American market and Germany’s high level of domestic consumption point to continued “robust development” of the country’s economy.
But the institute say financial experts remain worried about the health of the broader eurozone. ZEW’s index of confidence in the region declined by 1.8 points to 28.3 in November.
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