The Zew index, which measures the confidence of German investors in the economy, recorded strong growth in November, reaching 54,6, the highest level since October 2009 - The consensus of analysts was at 54,0 - The index worsens current conditions indicator, from 29,7 in October to 28,7.
Confidence in the German economy is growing: the Zew Index, in fact, it rose to 54,6 in November, exceeding analysts' expectations, at 54,0, and reaching its highest level since October 2009. In October, the index stopped at 52,8. The current conditions indicator fell to 28,7 from 29,7 in October, below expectations at 31,0.
According to the Zew institute, the improvements in economic prospects in the Eurozone would weigh on the increase in German investor confidence.
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