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Germany: ZEW index surge to 77.4 points

(ANSA) - TRIESTE, 15 SET - The ZEW Indicator of Economic Sentiment for Germany increased in the current September 2020 survey, to a new reading of 77.4 points compared to the previous month (+5.9 points), the ZEW Institute said in a statement today. The assessment of the economic situation in Germany also improved, standing at at minus 66.2 points, 15.1 points higher than in August, ZEW noted, stressing that the overall outlook for the German economy "has improved significantly compared to the previous month." "The ZEW Indicator of Economic Sentiment has increased again, signalling that the experts continue to expect a noticeable recovery of the German economy. Stalled Brexit talks and rising COVID-19 cases could not dampen the positive mood. However, the still negative outlook for the banking sector reveals fears of a rising number of loan defaults in the coming six months," said ZEW President Professor Achim Wambach. (ANSA).