The market expected the figure would grow by 5 points in the month.


Germany's economic sentiment index surged to an eighth-month high in November, exceeding market forecast, according to data released on Tuesday.
The indicator by the Leibniz Center for European Economic Research (ZEW) of economic sentiment for Germany rose by 10.9 points to 9.8 in November, back in positive territory for the first time since April.
The market expected the figure would grow by 5 points in the month.
An index of current conditions in Germany slightly increased by 0.1 points to minus 79.8 points.
ZEW head Achim Wambach said data suggested that economic development in Germany has bottomed out.
"The heightened economic expectations are accompanied by significantly more optimistic outlooks for the German industrial sector and both domestic and foreign stock markets," Wambach added.
Expectations for inflation and interest rates also appear to have reached turning points, he said.

Magnitudes of 4.9, 5 earthquake jolt Balochistan's Zhob, KP's Swat
- 2 hours ago

Will the next pope be liberal or conservative? Neither.
- 2 hours ago

Earthquake of 2.8 magnitude jolts Zhob district
- 5 hours ago

Pinterest is prompting teens to close the app at school
- 4 hours ago

Approval to operate ‘Air Punjab’, bullet train projects
- 4 hours ago

T-Mobile is shuffling its high-end plans
- 4 hours ago

Run at history: Kipyegon eyes historic sub-4 mile
- an hour ago
If India is expelling Pakistanis, why not Adnan Sami, Fawad Ch questions
- 3 hours ago

At least 47 wounded after explosion at port in Iran’s Bandar Abbas
- 3 hours ago

Bethesda confirms Oblivion remaster’s imminent reveal
- 4 hours ago

Karachi Inter exams scheduled on April 28 postponed
- 4 hours ago
Allama Iqbal Express carriages derail in Kotri
- an hour ago