The ZEW’s German and Eurozone index reflects improving economic outlooks

The sentiment index of ZEW, reflecting economic outlooks has increased far above the expectations in August both in Germany and in the Eurozone – the Mannheim-based ZEW (Zentrum für Europäische Wirtschaftsforschung) Economic Research Institute announced on Tuesday.

In August, the German sentiment index, showing the expectations of the market participants increased by 5.7 points to 42.0 points from the previous month. Analysts expected 40.2 points.

The same indicator in the Eurozone rose by 11.2 points to 44.0 points, compared with the 37.4 points expectation of the analysts.  (MTI)