Investing.com - German economic sentiment rose much more than expected in September, bolstering optimism over the motor of the euro zone economy, industry data showed on Tuesday.
In a report, the ZEW Centre for Economic Research said that its index of German economic sentiment rose to 17.0 this month from August’s reading of 10.0. Analysts had expected the index to increase to just 12.5 in September.
On the index, a level above 0.0 indicates optimism, a level below 0.0 indicates pessimism.
The Current Conditions Index also unexpectedly rose to 87.9 this month from 86.7 in August. That compared to expectations for a slight drop to 86.6.
Meanwhile, the index of euro zone economic sentiment increased to 31.7 in September from 29.3 a month earlier. Consensus was looking for a larger gain to 32.4.
Add a Comment
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.