Germany's economic sentiment recovers in Sept after four falls

18 September 2012 15:49  [Source: ICIS news]

LONDON (ICIS)--Germany’s economic sentiment recovered in September after declining for four months in a row, a research group said on Tuesday.

The Mannheim-based Centre for European Economic Research (ZEW) said that September’s increase in its monthly economic sentiment indicator for Germany – up by 7.3 points to minus 18.2 points – showed that the weakening in Europe’s largest economy will be “rather moderate”.

Another possible factor contributing to September’s improvement may have been the European Central Bank’s decision to purchase government bonds to help overcome the eurozone debt crisis, the group said.

However, ZEW president Wolfgang Franz added that the crisis is not solved yet “and the risks for economic activity remain”.

The widely followed ZEW indicator is based on a survey of 263 financial market analysts.

Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy blog

By: Stefan Baumgarten
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