German Investor Confidence Increases Less Than Anticipated
- ZEW expectations index rose 47.5 in June; economist est. 50
- Gauge of current conditions drops to -73.8; est. -65
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Investor confidence in Germany’s economy improved less than anticipated, casting doubts over the country’s rebound.
An expectations gauge by the ZEW institute rose to 47.5 in June from 47.1 in May. While that’s the 11th monthly increase, it falls short of the 50 forecast in a Bloomberg survey. A measure of current conditions fell slightly, defying a predicted uptick.