German ZEW sentiment index climbs above estimates in November
By Scott Kanowsky
Investing.com -- The sentiment towards the German economy improved by more than expected in November, according to a key monthly confidence gauge, but remained in negative territory for the ninth straight month.
The ZEW think-tank's forward-looking sentiment index for Europe's largest economy increased to -36.7 during the period, up from a reading of -59.2 in October. Economists had predicted the figure would rise to -50.0.
A level below zero generally indicates pessimism about the six-month economic outlook.
Related Articles
German ZEW sentiment index climbs above estimates in November
German machinery exports dip, burdened by China - VDMA
Euro zone Q3 GDP confirmed at 0.2% q/q, employment up as well
Terms and Privacy Policy