Economic sentiment in Germany continued to improve in October, but not as strongly as most had expected.
The monthly survey by the ZEW economic institute showed its economic sentiment index rose to 17.6 points in October, up from 17 in September, but failing to reach the 20 mark that market analysts had forecast.
Its index of current conditions dipped to 87 from 87.9, two points shy of the 89 level analysts had expected.
Wider results for the eurozone showed that its economic sentiment index fell to 26.7 in October, from 3.7 in September and missed by some way expectations of a rise to 34.2.
"The improved outlook for the coming six months is not least the result of the surprisingly positive growth figures seen in the previous months," said Achim Wamback, president of the ZEW."