German Investor Confidence Gains After ECB Steps Up Stimulus
- ZEW expectations index increases to 16.1 in December
- Resilient domestic demand and ECB stimulus boost sentiment
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German investor confidence improved for a second consecutive month, with a robust recovery in Europe’s largest economy set to gain impetus from more stimulus by the European Central Bank.
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 ahead, rose to 16.1 in December from 10.4 in November. That compares with an estimated increase to 15 in a Bloomberg survey of economists.