German Investor Outlook Rebounds on Hope of Inflation Relief
- ZEW expectations index rises to -36.7 in November; est. -51
- Outlook for Germany is clearly still negative, ZEW chief says
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Investor confidence in Germany’s economic outlook rebounded to its highest level since June on hope that record euro-era inflation may be peaking.
The ZEW institute’s gauge of expectations climbed to -36.7 in November from -59.2 the previous month, better than economists polled by Bloomberg had expected but still below its long-term average in anticipation of a recession. An index of current conditions also advanced.