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Economic Buzz: German ZEW Investor Confidence Improves To Highest Level In Two Years In May
14-May-2024 17:36

German investor sentiment grew for a tenth month and at a faster than expected pace in May to its highest level in over two years, on hopes of an interest rate cut by the European Central Bank in June and an increase in export demand from China, results of a survey revealed Tuesday. The ZEW Indicator of Economic Sentiment for Germany climbed to 47.1 from 42.9 in April. The index has steadily risen since August last year, when the reading was -12.3. The latest score was the highest since February 2022. The indicator reflecting the assessment of the current economic situation in Germany climbed to - 72.3 from -79.2. Economists had expected a reading of -75.0 for May. The latest reading was the strongest since August last year.

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