By Maria Martinez
German economic expectations improved in November, the ZEW economic research institute said Tuesday.
Economic expectations improved in November to minus 2.1 points, from minus 22.8 points in October. The outcome was better than economists' consensus forecast of minus 14.8 points in The Wall Street Journal's survey.
The ZEW's assessment of the current situation is Germany improved slightly, up to minus 24.7 points in November from minus 25.3 points in October, the institute said. The reading is, however, worse than economists' forecast of a rise to minus 22.0 points.
"There is growing hope that the international economic policy environment will improve in the near future, which explains the sharp rise in the ZEW Indicator of Economic Sentiment in November," said ZEW President Achim Wambach.
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(END) Dow Jones Newswires
November 12, 2019 05:40 ET (10:40 GMT)
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