German optimism seems to fade away

By: trademagazin Date: 2009. 10. 14. 00:03

ZEW institute's German economic mood index decreased from the 57.7 points of September to 56 points in October, while analysts expected 58.3 points.

According to the preliminary expectations of the institute; positive economic mood change was expected, due to the increase in the number of orders, but the expectations in connection with Germany were weakened, by the decreasing exports. The Economic Research Institute however remains cautious with the forthcoming months. Growth is expected only in long-terms – reports

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