Economic Sentiment for Germany Up for the Second Straight Month

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By Trey Thoelcke Published
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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.

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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