Investor confidence in German economy exceeded forecasts in August

In August of this year, the index of investors' and analysts' expectations for German economy for the next six months rose to minus 13.7 points from minus 24.7 points in July, according to the data of the ZEW research institute. Experts had predicted the growth of the index to minus 21.3 points. In the previous two months there was a decrease in the index. The indicator, which determines the attitude towards the current situation in the country's economy, increased in August to 72.6 points from 72.4 points. ZEW President, Achim Wamba, noted that investors' expectations for the German economy have improved thanks to the recent agreement between the EU and the US.

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