Eurozone economic sentiment rises to its highest in 16 years

Data: ZEW; Chart: Axios Visuals

The September reading of the eurozone’s ZEW survey of economic growth expectations rose 10 points from August to 73.9, the highest level in 16 years.

By the numbers: The September reading of Germany’s ZEW survey also rose, hitting 77.4, which is up six points and about eight points higher than the estimate.

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• The survey results for the current situation was a full 15 points higher than the month before.
• The index was last positive in June 2019.

What they're saying: “The ZEW Indicator has increased again, signalling that the experts continue to expect a noticeable recovery of the German economy,” said ZEW president Achim Wambach.

• “Stalled Brexit talks and rising COVID-19 cases could not dampen the positive mood.”