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German investor morale rises modestly in June, ZEW says
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BERLIN (Reuters) -The recovery in German investor morale tapered off in June, the ZEW economic research institute said on Tuesday, reporting a modest rise in its economic sentiment index that fell short of forecasts.
BERLIN (Reuters) -The recovery in German investor morale tapered off in June, the ZEW economic research institute said on Tuesday, reporting a modest rise in its economic sentiment index that fell short of forecasts.
The economic sentiment index rose to 47.5 points from 47.1 points in May. Analysts polled by Reuters had forecast a June reading of 50.0.
The assessment of the current economic situation in Germany slightly deteriorated in June, falling to minus 73.8 points from minus 72.3.
ZEW president Achim Wambach said that the inflation expectations of respondents had increased, likely related to the inflation rate in May, which turned out higher than expected.
(Reporting by Andrey Sychev and Maria Martinez; editing by Rachel More, Madeline Chambers and Christina Fincher)
The ZEW Economic Sentiment Index is a measure of investor sentiment regarding the economic outlook in Germany, based on a survey conducted by the ZEW economic research institute.
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is often measured by the Consumer Price Index (CPI).
Economic sentiment refers to the overall attitude of investors and consumers towards the economy, influencing their spending and investment decisions.
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