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.
Economists predicted 39.9, according to the median of 42 estimates in a
Bloomberg News survey.
Growth in Germany may have exceeded economists’ forecasts in the second
quarter, according to a government estimate, ... (full story)
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