German Investor Confidence Increases Less Than Forecast
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German investor confidence rose less than economists predicted in March as uncertainty over Greece’s future in the euro area countered optimism over an improving economic outlook.
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, climbed to 54.8 from 53 in February. While that’s the highest since February 2014 and the fifth month of increases, it fell short of the 59.4 median forecast in a Bloomberg News survey.