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German investor confidence rises notably in October

Xinhua, October 11, 2016 Adjust font size:

German investor confidence increased significantly in October, a survey found on Tuesday.

The Centre for European Economic Research (ZEW) in Mannheim said its index of investor sentiment gained 5.7 points compared to September, reaching a level of 6.2 points in October.

"The improved economic sentiment is a sign of a relatively robust economic activity in Germany," said ZEW president Achim Wambach in a statement.

However, Wambach warned that positive impulses from industry and exports should not distract from existing political and economic risks.

"In particular, the risks concerning the German banking sector are currently a burden to the economic outlook," Wambach commented. Endit