German economic sentiment improved slightly in October, but was below existing expectations, due to uncertainty about future public investments.
The conclusion comes from data from the ZEW index, which measures economic sentiment in the euro zone’s largest economy over the next six months.
After the 37.3 points recorded in the September analysis, the month of October brought growth to 39.3 points. The increase is below the 40.5 points that were indicated by the markets. This means that the indications given by financial and economic analysts show an improvement, which is slower than expected.
“Persistent global uncertainties and a lack of clarity regarding the implementation of the state’s investment program” are contributing to the slowness of Germany’s economic recovery. The guarantee comes from the president of the Zew institute (responsible for the study), Achim Wambach.
He himself highlights that “experts still expect growth in the medium term”.