German ZEW Confidence Rises Less Than Forecast on Uncertainty
- Expectations index climbs to 12.8 from 10.4; est. 13.0
- ZEW says no clear conclusions can be drawn for German economy
This article is for subscribers only.
German investor confidence rose less than anticipated in March as political uncertainty weighed on the outlook of Europe’s largest economy.
The ZEW Center for European Economic Research in Mannheim said on Tuesday that its index of investor and analyst expectations, which aims to predict economic developments six months ahead, climbed to 12.8 from 10.4 in February. Economists in a Bloomberg survey predicted an increase to 13.0.