German Investors’ Outlook Unexpectedly Rises for Fifth Month
- ZEW December expectations indicator jumps to 12.8; est. 9.5
- Europe’s top economy struggling with recession, budget woes
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Germany’s investor outlook unexpectedly improved for a fifth month, signaling hope that Europe’s biggest economy may be stabilizing as inflation retreats.
An expectations index by the ZEW institute rose to 12.8 in December from 9.8 in November — defying economists’ prediction for a drop. A measure of current conditions also increased.