German investor sentiment up in October to outshine rest of zone
AFPBERLIN--Investment sentiment in Germany rose in October, a survey found on Tuesday, in a further sign of strength in the biggest eurozone economy.
October 16, 2013, 12:11 am TWN
The widely watched investor confidence index calculated by the ZEW economic institute rose 3.2 points to 52.8 points, beating a forecast by analysts who said it would remain stable.
It was the highest level since April 2010, as it was in September when the index reached 49.6.
“The financial market experts remain optimistic,” said ZEW president Clemens Fuest in a statement.
He added that “at present a greater impact of the debate on the debt ceiling in the U.S. is not visible.”
For the survey, ZEW questions hundreds of analysts and institutional investors whether they are optimistic or pessimistic about the economic situation in Germany.
They are asked about the current situation, as well as about the six-month outlook.
The sub-index measuring financial market players' view of the current economic situation slightly worsened, dropping 0.9 points to 29.7 points.