Economic Indicators
German ZEW sentiment index climbs above estimates in November
2022.11.15 06:35
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German ZEW sentiment index climbs above estimates in November
Budrigannews.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 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.
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