Investor confidence in the German economy exceeded forecasts in September

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In September, the index of investor and analyst confidence in the German economy for the next six months amounted to minus 10.6 points, rising from minus 13.7 points in the previous month, a poll of the Center for European Economic Research ZEW showed. The figure has surpassed the forecasted rise to minus 13 points. The growth of the indicator in the country is observed for 2 consecutive months. The index of the attitude to the current conditions in the German economy also exceeded forecasts, having increased to 76 points from 72.6 points a month earlier, while analysts had expected its decrease to 72 points. ZEW President Achim Wamba believes that a new trade agreement concluded between the US and Mexico could have the upward impact on the index.

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