German ZEW sentiment index climbs above estimates in November

By Scott Kanowsky 

Investing.com — The sentiment towards the German economy improved by more than expected in November, according to a key monthly confidence gauge, but remained in negative territory for the ninth straight month.

The ZEW think-tank’s forward-looking sentiment index for Europe’s largest economy increased to -36.7 during the period, up from a reading of -59.2 in October. Economists had predicted the figure would rise to -50.0.

A level below zero generally indicates pessimism about the six-month economic outlook.

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