German Investor Mood Unexpectedly Brightens on Export Hopes
ZEW highlighted that the outlook improved in particular for export-oriented industries, such as the automotive sector.
Photographer: Krisztian Bocsi/BloombergInvestor confidence in Germany’s economic prospects unexpectedly improved in September, supporting hopes that Europe’s largest economy is leaving behind a prolonged downturn.
An expectations index by the ZEW institute rose to 37.3 from 34.7 the previous month. Analysts in a Bloomberg survey had expected another decline to 25 following a sharp drop in August. A measure of current conditions deteriorated as expected.