German investors sentiment jumped in October

8 years ago - Published in Finance, Fundamental Analysis

The German ZEW index advanced to 6.2 for October from 0.5 the previous month. Overall, the index is still far below the long-term average of 24.1 highlighting reservations surrounding the financial sector having a negative impact. The Current Conditions Index went up to 59.5 this month from 55.1 in September. Economists polled by The Wall Street Journal had predicted an increase to 4.5 points.

"The improved economic sentiment is a sign of a relatively robust economic activity in Germany", ZEW President Achim Wambach said in a statement. 
But a recent string of positive data from industry and exports “should not distract from existing political and economic risks,” ZEW President Achim Wambach cautioned, pointing to “risks concerning the German banking sector.” The latest ZEW survey reflects the assessment of 213 financial analysts and institutional investors.