German Investor Confidence Up as Euro Area Resumes Growth

German investor confidence increased more than economists expected in August as the recovery in Europe’s largest economy helped pull the euro area out of its longest-ever recession.

The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, rose to 42 from 36.3 in July. That’s the highest level since March. Economists predicted 39.9, according to the median of 42 estimates in a Bloomberg News survey.