Data hints at further gains in Germany

City A.M. Reporter
GERMAN exports jumped even more than expected in August, amid growing signs that the country is faring better than its Eurozone neighbours.

Seasonally adjusted exports jumped 2.4 per cent month-on-month, far better than the forecasted drop of 0.5 per cent.

And investor sentiment in the core economy has picked up further this month, according to Sentix. Faith in the European Central Bank’s bond buying plans was partly behind the morale index climbing to 6.4 in October from 4.4 last month.

Sentiment also improved across the Eurozone as a whole, yet remained in negative territory, moving from -22.2 this month from September’s -23.2.

Germany’s economy ministry said industrial production fell a better-than-expected 0.5 per cent on the month in August.