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German ZEW Indicator - Experts more Optimistic
The ZEW Indicator of Economic Sentiment for Germany has increased by 7.6 points in September 2013. The indicator now stands at a level of 49.6 points (historical average: 23.8 points). "The financial market experts hold the view that the German economy is still gaining momentum. 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", says ZEW President Prof. Dr. Clemens Fuest. The assessment of the current economic situation for Germany has also improved in September. ... (full story)
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