Germany's economic sentiment was less pessimistic in October, defying expectations for further worsening, but investors remained cautious about their current situation amid rising inflationary pressures and the weakening economic outlook.
The ZEW Indicator of Economic Sentiment, which measures overall expert opinions on the direction of the German economy over the next six months, rose to -59.2 in October from -61.9 in September, survey results from the ZEW - Leibniz Centre for European Economic Research showed Tuesday.
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