Investor confidence in the German economy exceeded forecasts in April

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Economic sentiment in Germany improved significantly in April. As the data of the ZEW Institute showed, the index of investors' and analysts' expectations for the German economy for the next six months reached 3.1 points, rising from March level of minus 3.6 points and moving into a positive zone for the first time since March 2018. Such a significant increase in the index turned out to be a surprise for experts who had expected its value at the level of 0.5 points. At the same time, the indicator of the attitude of investors and analysts to the current economic situation decreased more than it was expected, falling to 5.8 points from 11.1 points while economists estimate 8.5 points. Earlier, ZEW published data on the state of business confidence in the eurozone economy, according to which the corresponding index in April rose to 4.5 points from minus 2.5 points in March.

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