FOREX TradingCharts.com

Financial News: German ZEW Investor Confidence Improves Unexpectedly

German ZEW Investor Confidence Improves Unexpectedly

09/15/2020 - 07:58:00 (RTTNews)

(RTTNews) - German investor confidence strengthened unexpectedly in September as financial experts expect a noticeable recovery in the economy, survey data from the ZEW - Leibniz Centre for European Economic Research showed on Tuesday.

The economic confidence index rose to 77.4 in September from 71.5 in the previous month, while it was forecast to fall to 69.8. This was the highest reading since May 2000.

The current conditions index advanced to -66.2 from -81.3 a month ago. The expected level was -72.0.

"Stalled Brexit talks and rising COVID-19 cases could not dampen the positive mood," ZEW President Achim Wambach, said.

"However, the still negative outlook for the banking sector reveals fears of a rising number of loan defaults in the coming six months," Wambach added.

Sentiment concerning the economic development of the Eurozone also improved in September. The corresponding index gained 9.9 points to 73.9 points. Likewise, the indicator for the current economic situation climbed 8.9 points to minus 80.9 points.

The outlook for the Eurozone has improved noticeably, albeit to a lesser extent than for Germany, the survey showed.

A report from Destatis revealed that employment in Germany's manufacturing sector decreased by 2.9 percent in July from the last year. The number of hours worked declined 8.5 percent annually.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Leading Economic Index Suggests Rebound May Be Losing Stream (02 hr(s), 42 min(s), 14 sec(s) ago)
(RTTNews) - A report released by the Conference Board showed a continued increase by its reading o ...Full Story»

U.S. Consumer Sentiment Improves Much More Than Expected In September (02 hr(s), 55 min(s), 14 sec(s) ago)
(RTTNews) - After reporting an unexpected increase in U.S. consumer sentiment in the previous mont ...Full Story»

Italy Current Account Surplus Rises For First Time Since April (03 hr(s), 24 min(s), 14 sec(s) ago)
(RTTNews) - Italy's current account surplus increased for the first time in four months in Jul ...Full Story»

Croatia Jobless Rate Steady At 9% In August (03 hr(s), 55 min(s), 14 sec(s) ago)
(RTTNews) - Croatia's unemployment rate remained unchanged in August after easing in the previ ...Full Story»

Poland's Industrial Output Rises Less Than Expected (04 hr(s), 45 min(s), 14 sec(s) ago)
(RTTNews) - Poland's industrial production grew less than expected in August, data from Statis ...Full Story»

Russia's Central Bank Keeps Rate On Hold (06 hr(s), 08 min(s), 14 sec(s) ago)
(RTTNews) - Russia's central bank left its key interest rate unchanged at a record low as wide ...Full Story»

Italy's Industrial Orders Rise In July (07 hr(s), 20 min(s), 14 sec(s) ago)
(RTTNews) - Italy's industrial orders and turnover increased for the third consecutive month i ...Full Story»

Eurozone Current Account Surplus Falls In July (07 hr(s), 34 min(s), 14 sec(s) ago)
(RTTNews) - The euro area current account surplus declined in July due to a fall in primary income ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Suggests Rebound May Be Losing Stream

09/18/2020 - 10:27 AM (RTTNews)
(RTTNews) - A report released by the Conference Board showed a continued increase by its reading o ...Full Story>>

U.S. Consumer Sentiment Improves Much More Than Expected In September

09/18/2020 - 10:14 AM (RTTNews)
(RTTNews) - After reporting an unexpected increase in U.S. consumer sentiment in the previous mont ...Full Story>>

Italy Current Account Surplus Rises For First Time Since April

09/18/2020 - 09:45 AM (RTTNews)
(RTTNews) - Italy's current account surplus increased for the first time in four months in Jul ...Full Story>>

Croatia Jobless Rate Steady At 9% In August

09/18/2020 - 09:14 AM (RTTNews)
(RTTNews) - Croatia's unemployment rate remained unchanged in August after easing in the previ ...Full Story>>

Poland's Industrial Output Rises Less Than Expected

09/18/2020 - 08:24 AM (RTTNews)
(RTTNews) - Poland's industrial production grew less than expected in August, data from Statis ...Full Story>>

Do not sell my personal information

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.