(ANSA) - BELGRADE, SEPTEMBER 17 - The ZEW index of Economic
Sentiment for Germany, an important indicator of the confidence
of investors in Europe's largest economy, experienced a sharp
rise in September, the ZEW - Leibniz Centre for European
Economic Research said in a statement today.
After a significant decline in August, the indicator
currently stands currently at minus 22.5 points, climbing 21.6
points compared to the previous month, ZEW said.
However, the indicator remains below the long-term average of
21.5 points. Moreover, in the September survey "the assessment
of the economic situation in Germany worsened by 6.4 points,
with the corresponding indicator falling to a current reading of
minus 19.9 points," the lowest reading since May 2010, ZEW
added.
"The rise of the ZEW Indicator of Economic Sentiment is by no
means an all-clear concerning the development of the German
economy in the next six months," said ZEW President Professor
Achim Wambach. "The outlook - he added - remains negative.
However, the rather strong fears that financial experts had in
the previous month regarding a further intensification of the
trade conflict between the USA and China did not come true. And
there is still hope that a no deal Brexit can be avoided,"
Wambach noted. (ANSA).
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