Investor sentiment deteriorated in November in Germany and in the euro area

By: Trademagazin editor Date: 2020. 11. 10. 11:07

In November, for the second consecutive month, the German economic research institute ZEW in Germany and the euro area deteriorated significantly, as the second wave of the coronavirus pandemic and severe restrictions on the spread of the infection increased uncertainty in the economic outlook.

In a November survey by the ZEW (Zentrum für Europäische Wirtschaftsforschung) in Mannheim, the indicator quantifying financial investors’ perceptions of the economic outlook in Germany fell from 56.1 in October to 39.

The market expected a smaller decline of 41.7 points in November. In September, the index stood at a 20-year high of 77.4 points. (MTI)