Economic expectations for the Eurozone increased 'considerably' in September, according to the ZEW indicator published on Tuesday.
Institutional investor sentiment measured a sharp increase in optimism that beat expectations in both Germany and the euro area.
With regard to the Eurozone's number one economy, the ZEW indicator of economic sentiment jumped 7.6 points in September to 49.6, beating the consensus estimate of 46.
"The financial market experts hold the view that the German economy is still gaining momentum," ZEW President Clemens Fuest explained.
"In particular, the experts' economic optimism has increased due to the improved economic outlook for the Eurozone - although recently released economic data for Germany have fallen short of expectations," Fuest added.
The assessment of the current economic situation for Germany also improved in September. The respective indicator increased by 12.3 points to stand at the 30.6 points-mark.
The ZEW also noted that economic expectations for the Eurozone "increased considerably in September". The respective indicator improved by 14.6 points to 58.6 points, beating the consensus forecast for a rise to just 47.2.
The indicator for the current economic situation in the euro area increased by 14.4 to a level of minus 59.7 points.
Source:LiveCharts
Institutional investor sentiment measured a sharp increase in optimism that beat expectations in both Germany and the euro area.
With regard to the Eurozone's number one economy, the ZEW indicator of economic sentiment jumped 7.6 points in September to 49.6, beating the consensus estimate of 46.
"The financial market experts hold the view that the German economy is still gaining momentum," ZEW President Clemens Fuest explained.
"In particular, the experts' economic optimism has increased due to the improved economic outlook for the Eurozone - although recently released economic data for Germany have fallen short of expectations," Fuest added.
The assessment of the current economic situation for Germany also improved in September. The respective indicator increased by 12.3 points to stand at the 30.6 points-mark.
The ZEW also noted that economic expectations for the Eurozone "increased considerably in September". The respective indicator improved by 14.6 points to 58.6 points, beating the consensus forecast for a rise to just 47.2.
The indicator for the current economic situation in the euro area increased by 14.4 to a level of minus 59.7 points.
Source:LiveCharts
