After dodging the technical downturn with +0,1% of GDP in the third quarter, Germany Today it receives another positive signal from its economy. L'Zew index, which measures German investor sentiment, is back in positive territory this month 11,5 points, a clear improvement compared to the -3,6 points recorded in October (the first negative value since November 2012). In September, however, the index stood at 6,9 points. The November data is better than analysts' expectations, who had forecast values just above zero, if not yet negative.
The index referring to confidence on the current conditions of the German economy rose from 3,2 to 3,3 points (consensus at 1,8 points), while that relating to expectations on the Euroland economy rose from 4,1 to 11 points.
The Zew institute points out that this is the first strengthening of the indicator since the beginning of the year. Clemens Fuest, president of Zew, speaks of "signs of stabilisation" of the economy of Euroland, in a context that in any case remains "fragile".
The diffusion of the index has given impetus to the European stock exchanges: at the end of the morning Frankfurt gains 1,2%, followed by Milano e Paris (both +0,8%). London, however, travels up by 0,6%.
