German investor confidence rises as eurozone resumes growth

German investor confidence increased more than economists expected in August as the recovery in Europe’s largest economy helped pull the euro area out of its longest-ever recession.

13th August, 2013
Growth in Germany may have exceeded economists’ forecasts in the second quarter, according to a government estimate.

German investor confidence increased more than economists expected in August as the recovery in Europe’s largest economy helped pull the euro area out of its longest-ever recession.

The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, rose to 42 from 36.3 in July. That’s the highest level since March.

Growth in Germany may have exceeded...

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