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Home / Business News / German investor sentiment picks up in August

German investor sentiment picks up in August

Investor sentiment in Germany improved more than expected in August, the ZEW economic research institute said on Tuesday, cautioning, however, that experts see current conditions improving only slowly.

business Updated: Aug 11, 2020 16:12 IST
Reuters | Posted by Niyati Singh
Reuters | Posted by Niyati Singh
Berlin
The survey of investors’ economic sentiment rose to 71.5 from 59.3 points the previous month, far exceeding a forecast for 58.0 in a Reuters poll of economists.
The survey of investors’ economic sentiment rose to 71.5 from 59.3 points the previous month, far exceeding a forecast for 58.0 in a Reuters poll of economists.(File photo for representation)

Investor sentiment in Germany improved more than expected in August, the ZEW economic research institute said on Tuesday, cautioning, however, that experts see current conditions improving only slowly.

The survey of investors’ economic sentiment rose to 71.5 from 59.3 points the previous month, far exceeding a forecast for 58.0 in a Reuters poll of economists.

“Hopes for a speedy economic recovery have continued to grow, but the assessment of the situation is improving only slowly,” said ZEW President Achim Wambach, adding the situation varied from sector to sector.

A separate gauge of current conditions dropped to -81.3 points from -80.9 the previous month. That compared with a consensus forecast of -68.8 points.

ht epaper

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