Investing.com - The ZEW economic sentiment index for Germany improved, one month after the Volkswagen (DE:VOWG) emissions scandal sent the index sharply lower.
The ZEW index of economic sentiment rose to 10.4 this month from October’s reading of 1.9, which was a 12-month low. Economists’ had forecast a reading of 6.0.
Sentiment deteriorated sharply in October amid concerns over the possible impact of the VW emissions scandal on the wider German economy.