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Germany's economic sentiment upper in October

Germany's economic sentiment appreciated in October, thus surpassing the economists' and the analysts' estimations, boosting the motor industry's optimism in the euro zone, today's data showed.

Germany's economic sentiment higher to 6.2

As per the latest surveys, Germany's economic sentiment climbed from September's 0.5 reading to 6.2 in October and differed from the economists' predictions for a rise to 4.3. Any figure above 0.0 is an indication of optimism.

Furthermore, the Current Conditions Index escalated from September's 55.1 reading to 59.5 this month.

The euro region's economic sentiment rose from 5.4, last month's reading, to 12.3 in October, thus surpassing the economists' estimations for appreciation to 6.3.

Moreover, London’s FTSE 100 rose 0.01%, Euro Stoxx 50 dropped 0.15%, France’s CAC 40 escalated 0.06%, and Germany's DAX declined 0.17%.

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Tuesday, 11 Oct, 2016 / 12:53

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/germany-s-economic-sentiment-upper-in-october

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