German ZEW Economic Confidence Strengthens Unexpectedly

Germany's economic confidence improved unexpectedly in August on hopes of a speedy recovery from the coronavirus pandemic driven downturn, survey data from the ZEW – Leibniz Centre for European Economic Research showed Tuesday. The ZEW Indicator of Economic Sentiment increased unexpectedly to 71.5 in August from 59.3 in July. The score was forecast to fall to 58.0.Original Article