Survey shows German investor confidence recovering
Tuesday, November 16, 2010
BERLIN (AP) — A survey shows that German investor confidence has recovered slightly thanks to optimism about the economic recovery after sliding for six straight months.
The ZEW institute said Tuesday that its confidence index rose to 1.8 points for November from minus 7.2 the previous month. That still left it well below its historical average of 26.9 points.
ZEW pointed to Germany’s own strong economic recovery, possible optimism about other countries’ prospects and healthier domestic demand at home.
The index measures financial experts’ economic outlook for the next six months.