German Investor Confidence Rebounds in November
BERLIN (AP) — A closely-watched survey shows German investors’ confidence in the economy has recovered somewhat following a 10-month decline.
The ZEW institute said Tuesday its index rose by 15.1 points in November, bringing it back into positive territory for an overall reading of 11.5.
ZEW Index Remains Below Historical Average
That’s still far below its long-term average of 24.4 points, but ZEW head Clemens Fuerst said it’s a good sign.
Euro Area Growth Supports Confidence Recovery
He says “the recent growth figures for the euro area suggest that the economy is stabilizing,” which helped restore confidence.
But he warns “the economic environment remains fragile, not least due to ongoing geopolitical tensions.”
Outlook Improves While Current Conditions Stagnate
The survey of 220 analysts showed that while expectations for the future improved, views of Germany’s current situation were largely unchanged.
Germany Avoids Recession With Modest Growth
Germany posted 0.1 percent third-quarter growth, avoiding recession after a second-quarter contraction.
