BERLIN (Reuters) – Investor morale in Germany has recovered more than expected since the start of October, shows the monthly survey published on Tuesday by the ZEW economic research institute.
Its index stood at -1.1 point, compared to -11.4 in September, with investors betting in particular on a further drop in inflation in Europe’s largest economy.
Analysts polled by Reuters on average forecast a less significant improvement for the month of October, at -9.3 points.
“It seems that the lowest point is behind us,” said ZEW President Achim Wambach.
Regarding the assessment of the current economic situation, the sub-index has stabilized, falling by only 0.5 points to -79.9 points, said the ZEW institute. The Reuters consensus was -80.8.
(Reporting Rachel More; French version Claude Chendjou, editing by Kate Entringer)
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