The economic climate improved in Germany and in the euro area

The economic climate in Germany and in the euro area improved in November, according to a study of the Mannheim-based ZEW(Zentrum für Europäische Wirtschaftsforschung) Economic Researcher.

ZEW reported on Tuesday that the economic mood index for the next six months improved by 6.6 points to minus 17.5 points in November.

Despite the significant improvement, this value is far behind the 22.5-point long-term average, but it is more favorable than the minus 25.0 points expectations. (MTI)