German Investor Confidence Jumps as Economic Recovery Takes Hold
- ZEW expectations index rises to 47.1 from 42.9; est. 46.4
- ‘Signs of an economic recovery are growing,’ Wambach says
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Investor confidence in Germany’s economy rose for a 10th month — reflecting optimism that growth is returning after more than a year of near-stagnation.
An expectations gauge by the ZEW institute increased to 47.1 in May from 42.9 in April — more than the 46.4 seen by analysts in a Bloomberg survey. A measure of current conditions also topped estimates.