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German ZEW Economic Confidence Improves Moderately

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Germany's economic sentiment unexpectedly improved in September as interest rates are estimated to have peaked in the euro area and the U.S., but financial market experts' assessment of the current situation turned more pessimistic, survey data from the ZEW-Leibniz Centre for European Economic Research showed Tuesday.

The ZEW Indicator of Economic Sentiment unexpectedly rose to a three-month high of -11.4 in September from -12.3 in August. The score was forecast to fall to -15.

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