ZEW German Economic Sentiment Unexpectedly Improves to -53.5 in November
(CEP News) Frankfurt - Rescue packages and central bank rate cuts helped to push the Centre for European Economic Research (ZEW)’s German economic sentiment indicator up to -53.5 in November, up 9.5 points from October’s record low. Economists hadn’t expected such a strong rebound and had instead forecast no change to the ZEW headline indicator.
Originally from CEP News Top Economic News on November 11, 2008, 2:30am