Sponsored Links:
http://www.sxc.hu/
German investor confidence rose sharply in January, a closely watched survey showed Tuesday, suggesting that Europe's top economy remains resilient to the crisis causing chaos in the eurozone.
The ZEW think-tank's economic expectations index rose by a whopping 32.2 points in January to stand at minus 21.6 points, the organisation said in a statement.
The result shattered the estimates of even the most optimistic forecasters surveyed by Dow Jones Newswires. On average, analysts had expected a slight increase to minus 49.5 points from last month's minus 53.8 points.
“Contrary to repeatedly expressed fears of a recession,n the assessment of the financial market experts gives reason for cautious optimism that Germany will only experience a dent in economic activity,” ZEW head Wolfgang Franz said.
“Nonetheless, the further development of the debt crisis remains a risk to economic growth,” added Franz.
Despite the spectacular jump, the survey remained well below its historical average of 24.5 points.
“This month’s increase suggests that within the next six months, German economic activity is likely to stabilise instead of deteriorating further,” said Franz.
For the survey, ZEW questioned 293 analysts and institutional investors on their view of the economy. - Sapa-AFP
|
|
 |
 |
 |
 |
 |
Services
Buying a car has never been easy. Motoring.co.za contains a large database of car listings with a user friendly search.
Start searching today »
Financial Tools
Business Directory
You are here: IOL / Business / International / Huge rise in German investor confidence
We like to make your life easier
Mobile
Browse IOL on your phone at m.iol.co.za.
Newsletters
Subscribe to our newsletters. News delivered to your inbox!
