Germany economic sentiment rose moderately in October as investors still hope for an economic upturn, a monthly survey conducted by the think tank ZEW showed Tuesday.
The economic confidence index rose to 39.3 in October from 37.3 in the previous month, though it fell short of the forecast of 41.2.
However, assessment of the current situation continued to follow a negative trend. The corresponding index dropped unexpectedly to -80.0 from -76.4 in September. The index was forecast to improve to -75.0.
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by Renju Jaya
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