Investing.com – German economic sentiment fell more-than-expected in October, data showed on Tuesday.
In a report, the ZEW Centre for Economic Research said that its index of German economic sentiment fell to -7.2 in October, after falling to -4.3 in September.
Analysts had expected the index to decline to -7.0 in October.
On the index, a level above 0.0 indicates optimism; a level below 0.0 indicates pessimism.
The report also said that economic sentiment in the euro zone fell less-than-expected in October, down to 1.8 after falling to 4.4 in September.
Analysts had expected euro zone economic sentiment to decline to -2.0 in October.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.02% to hit 1.3936.
In a report, the ZEW Centre for Economic Research said that its index of German economic sentiment fell to -7.2 in October, after falling to -4.3 in September.
Analysts had expected the index to decline to -7.0 in October.
On the index, a level above 0.0 indicates optimism; a level below 0.0 indicates pessimism.
The report also said that economic sentiment in the euro zone fell less-than-expected in October, down to 1.8 after falling to 4.4 in September.
Analysts had expected euro zone economic sentiment to decline to -2.0 in October.
Following the release of the data, the euro was up against the U.S. dollar, with EUR/USD gaining 0.02% to hit 1.3936.