August 11, 2020

German investor confidence hits highest level since 2004

Frankfurt am Main (AFP) – Confidence among investors in Germany soared to its highest level in almost 17 years in August, as Europe’s largest economy accelerates its rebound from the crushing impact of the coronavirus pandemic.The ZEW institute’s monthly barometer measuring economic sentiment leapt to 71.5, based on a survey of 178 analysts, the highest since January 2004. The reading is a rise of 12.2 points from July, when it declined slightly.The survey’s figure for investor confidence in the eurozone also creeped up — by 4.4 points to 64.0.”Signs of a strong economic recovery in the summe…


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