Germany investor confidence continues to rise in September

17 September 2013 19:52  [Source: ICIS news]

LONDON (ICIS)--Germany’s investor confidence continued to rise in September, reaching its highest level in more than three years, a research group said on Tuesday, citing a survey.

Mannheim-based ZEW Centre for European Economic Research said that its monthly investor confidence index for Germany rose to 49.6 points in September, up 7.6 points from August.

The index is based on responses from 260 financial market analysts who were asked about their expectations for Europe’s largest economy in the next six months.

"Financial market experts hold the view that the German economy is still gaining momentum,” said ZEW president Clemens Fuest.

“In particular, the experts’ economic optimism has increased due to the improved economic outlook for the eurozone – although recently released economic data for Germany have fallen short of expectations", Fuest added.

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

By: Stefan Baumgarten
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