ZEW index in Germany better than expected in September, but still negative: -11.4 vs. estimated -15 and previous -12.3
CdM| German ZEW index data for September shows us slightly better than expected investor and analyst sentiment (-11.4 vs. -15 expected and -12.3 previous), but the ZEW indicator is still in negative territory and current conditions are deteriorating all the time, which also goes hand in hand with expectations themselves. ZEW economists are now even more pessimistic about current economic conditions in Germany than they were in August. However, on…