German Investor Confidence Improved in August

The ZEW Institute reported on Tuesday that investor confidence in Germany improved more than expected in August, but indicated that experts are seeing the current conditions improve slowly.

A survey of investor confidence in the economy rose to 71.5 from 59.3 in the previous month, far exceeding expectations of 58 points in a Reuters poll of economists’ opinions.

“Hopes for a speedy economic recovery have continued to grow, but the assessment of the situation is improving only slowly,” said Achim Wambach, president of the ZEW institute. said Achim Vampach, head of the institute, adding that the situation differs from one sector to another.

A separate index that measures investors’ assessment of the current conditions of the economy fell to -81.3 points from -80.9 in the previous month. Analysts had expected a reading of -68.8.