Germany's economic sentiment improved in September after easing for four straight months, the Mannheim-based ZEW said Tuesday.
The ZEW Indicator of Economic Sentiment rose 7.3 points to -18.2. However, the negative reading indicates that the financial market experts expect the German economy to lose momentum over the next six months.
"The European Central Bank's announcement to purchase government bonds, which is a problematic decision, might nevertheless have contributed to the improvement of the economic sentiment," said President Wolfgang Franz.
The assessment of the current economic situation fell by 5.6 points to 12.6 in September. The index stayed well below the expected level of 18.
Economic expectations for the Eurozone improved significantly by 17.4 points to -3.8 points. Meanwhile, the indicator for the current economic situation in the Eurozone dropped slightly by 1.2 points to -76.3.
by RTT Staff Writer
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