Germany’s economic confidence rises unexpectedly in July, ZEW index shows

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Germany’s economic confidence rises unexpectedly in July, ZEW index shows
Photo: Michael Probst AP/TT

The index, which measures the outlook for economic development, rose to 26.3. Analysts had expected 15.3, according to Bloomberg. In June, the corresponding index was 10.5.

The current sub-index rose to minus 77.6. This compares with minus 81.0 in June and an average forecast of minus 77.7 for July.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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