the republic logo

Survey shows German investor confidence rising as growth figures suggest economy stabilizing

bug
Share/Save/Bookmark

BERLIN — A closely-watched survey shows German investors' confidence in the economy has recovered somewhat following a 10-month decline.

The ZEW institute said Tuesday its index rose by 15.1 points in November, bringing it back into positive territory for an overall reading of 11.5.

That's still far below its long-term average of 24.4 points, but ZEW head Clemens Fuerst said it's a good sign.

PHOTO: The new headquarters of the European Central Bank in Frankfurt, Germany, is  photographed Monday, Nov.17, 2014. The ECB employees will move   into the new premises during the next weeks. The European Central Bank stands ready to buy government bonds if inflation in the 18-country eurozone fails to rise as anticipated, its president said Monday in a hint that helped shore up the region's stock markets and put pressure on the euro. Addressing lawmakers of the European Parliament, Mario Draghi said the bank's governing council remains unanimous in its commitment to using additional unconventional instruments within its mandate.  (AP Photo/Michael Probst)
The new headquarters of the European Central Bank in Frankfurt, Germany, is photographed Monday, Nov.17, 2014. The ECB employees will move into the new premises during the next weeks. The European Central Bank stands ready to buy government bonds if inflation in the 18-country eurozone fails to rise as anticipated, its president said Monday in a hint that helped shore up the region's stock markets and put pressure on the euro. Addressing lawmakers of the European Parliament, Mario Draghi said the bank's governing council remains unanimous in its commitment to using additional unconventional instruments within its mandate. (AP Photo/Michael Probst)

He says "the recent growth figures for the euro area suggest that the economy is stabilizing," which helped restore confidence.

But he warns "the economic environment remains fragile, not least due to ongoing geopolitical tensions."

The survey of 220 analysts showed that while expectations for the future improved, views of Germany's current situation were largely unchanged.

Germany posted 0.1 percent third-quarter growth, avoiding recession after a second-quarter contraction.

Think your friends should see this? Share it with them!

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Subjects:

Places:

 

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.