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German economic sentiment holds steady in September

Staff Writer |
German economic sentiment held steady in September, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.

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The index of investor and analyst expectations came in at 0.5, in line with the previous month but falling short of analysts' expectations for an improvement to 2.5.

The current expectations index declined to 55.1 in September from 57.6 in August, missing expectations for a reading of 56.0.

ZEW President Professor Achim Wambach said: "The current ambiguity of economic impulses from Germany and abroad means that forecasts for the next few months are difficult. German exports, particularly to non-EU countries, as well as industrial production figures have disappointed.

"By contrast, the economic environment in the European Union is improving. Overall, the ZEW indicator of economic sentiment suggests that the economic situation in Germany will remain favourable in the coming six months."

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