German investor confidence rises again

|By:, SA News Editor

The German ZEW survey of investor confidence has climbed to 49.6 in September from 42 in August and topped consensus of 46.

The current situation print leapt to 30.6 from 18.3 and easily beat forecasts of 20.8.

Sentiment for the eurozone climbed to 58.6 from 44 and exceeded expectations of 47.2.

"Optimism has increased due to the improved economic outlook for the eurozone,"  says ZEW President Clemens Fuest, "although recently released economic data for Germany have fallen short of expectations."

The euro (FXE) skips a little vs the dollar and is now +0.2%. (PR)

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