German investor sentiment improves less than expected in September.
German investor sentiment improved less than expected in September, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Source: Sharecast
The ZEW economic expectations index ticked up to 34.7 from 34.2 in August, but this was below expectations for a reading of 40.0.
The current conditions index rose to -47.1 in September from -61.1 the month before.
ZEW President Achim Wambach said: "The ZEW indicator of economic sentiment remains stable. Experts are cautiously optimistic about a recovery of the economy. The growth continues to be driven by fiscal measures and is further bolstered by export momentum.
"Nevertheless, the risks are considerable: Persistent high energy prices resulting from a continued war in Iran and the additional uncertainty caused by hybrid attacks place a burden on the economy."
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