German Investor Outlook Improves Slightly After Winter Recession
- ZEW expectations rose to -8.5 in June; economist est. -13.5
- Economic situation not seen improving this year, Wambach says
Pedestrians pass through a square near the town hall in Hamburg, Germany.
Photographer: Maria Feck/BloombergThis article is for subscribers only.
Investor confidence in Germany’s economy unexpectedly improved, though doesn’t signal a strong recovery from its first recession since the pandemic.
The ZEW institute’s gauge of expectations rose to -8.5 in June from -10.7 in May. Economists polled by Bloomberg had predicted a decline to -13.5. An index of current conditions plunged.