German Sept. ZEW investor sentiment index falls
Financeroll – The ZEW economic sentiment index for Germany fell to minus 43.3 in September from minus 37.6 in August, the Mannheim-based Center for European Economic Research, or ZEW, reported on Friday.
The index, which is based on a survey of investment professionals, was forecast to fall to minus 45. The index measures investor expectations for the upcoming six months.
"The downward trend of economic perspectives is losing momentum this month. However, the economic outlook is characterized by a high degree of insecurity which – according to the financial market experts – undermines investor and consumer sentiment," said ZEW President Wolfgang Franz.
The current conditions index remained in positive territory but fell 9.9 points to 43.6 in September.
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