The ZEW Indicator of Economic Sentiment for Germany has increased by 6.7 points in October 2012 to -11.5 points. This is the second consecutive increase of the indicator, and it compares to a consensus estimate of -15 points.
According to the press release:
The indicator’s rise shows that risks for the German economy have somewhat diminished according to the financial market experts. This could well be explained by the decreasing uncertainty on the financial markets during the last weeks. Slightly more experts still expect the German economy to cool down instead of brightening up.
Nevertheless, the share of experts holding such a pessimistic view has once again declined compared to the previous month. Furthermore, almost half of the experts (45.5 percent) forecast that the economic situation six months ahead will be more or less the same as today.
The assessment of the current economic situation for Germany has weakened, compared to the previous month. The respective indicator fell 2.6 points in October to stand at 10.0 points.
Economic expectations for the eurozone remained relatively flat in October. The corresponding Zew indicator increased by 2.4 points to -1.4 points. The indicator for the current economic situation in the eurozone is also relatively flat, as it now stands at -79.4 points after dropping 3.1 points.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
