Survey shows German investor confidence rising as growth figures suggest economy stabilizing



We also have more stories about:
(click the phrases to see a list)

Subjects:

Places:

 


BERLIN — 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.

That's still far below its long-term average of 24.4 points, but ZEW head Clemens Fuerst said it's a good sign.

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."

The survey of 220 analysts showed that while expectations for the future improved, views of Germany's current situation were largely unchanged.

Germany posted 0.1 percent third-quarter growth, avoiding recession after a second-quarter contraction.

All content copyright ©2014 Daily Reporter, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.
Daily Reporter • 22 W. New Road • Greenfield, IN 46140 • (317) 462-5528