German investor sentiment bounces back in November

Investment sentiment in Germany rose for the first time this year in November, amid signs that Europe's biggest economy is stabilising, a survey foundInvestment sentiment in Germany rebounded in November, a survey found on Tuesday, adding to signs that Europe’s biggest economy is stabilising in another piece of positive news for the eurozone. After hitting a 22-month low in October, the widely watched investor confidence index calculated by the ZEW economic institute was back in positive territory in November, jumping to 11.5 points from minus 3.6 points the previous month, ZEW said in a statement. The recent growth figures for the euro area suggest that the economy is stabilising, which contributed to the indicator’s increase,” said ZEW president Clemens Fuest. Data last week showed that Germany escaped recession in the third quarter, when gross domestic product (GDP) expanded by a modest 0.1 percent following a contraction of 0.1 percent in the preceding three months.

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