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German ZEW economic sentiment index improve in September on lower oil prices |
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FXstreet.com (Barcelona) – Economic expectations have improved in September in Germany on lower oil prices and the improvement of exports due to a weaker Euro, according to the latest survey by the ZEW economic institute.
The ZEW indicator of economic sentiment has increased 14.4 points in September, reaching the level of -41.1 points, from the -55.5 level posted in August. The reasons of the improved optimism are, first, the decline of oil prices and, secondly, the depreciation of the Euro against the Dollar, which is benefiting German exports.
The assessment of the German current situation has improved 8.2 points to a level of -1.0 points.
The economic expectations for the Euro Zone have risen 14.8 points to -40.9 points; while the current economic situation index has risen by 12.2 points standing now at a level of -10.0 points.
Posted originally: 9/16/2008 9:27:00 AM
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