Economics
German Investor Confidence Surges to 10-Month High: Economy
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German investor confidence surged to a 10-month high in February as global growth improved and Europe’s debt crisis showed signs of abating.
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 5.4 from minus 21.6 in January. That’s the highest since April 2011 and the third straight increase. Economists forecast a gain to minus 11.8, according to the median of 40 estimates in a Bloomberg News survey.