By Emese Bartha
FRANKFURT--German economic expectations worsened modestly in October, in a less severe fall than analysts had predicted, the ZEW economic research institute said Tuesday.
The measure of economic expectations declined to minus 22.8 points in October from minus 22.5 points in September, the institute said. The outcome is much better than economists' forecast of minus 27.0 points in The Wall Street Journal's survey.
The ZEW's assessment of the current situation is Germany, however, fell more significantly, to minus 25.3 points in October from minus 19.9 points in September, the ZEW institute said. This reading is also better than economists' forecast of a fall to minus 28.0 points.
"The slight decrease in both the ZEW indicator of economic sentiment and the situation indicator shows that financial market experts continue to expect a further deterioration of the German economy," said Achim Wambach, President of the ZEW institute.
Write to Emese Bartha at firstname.lastname@example.org
(END) Dow Jones Newswires
October 15, 2019 05:31 ET (09:31 GMT)
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