Investor confidence in the German economy grew in February

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The economic sentiment of German investors and analysts improved in February. The corresponding confidence index, calculated by the ZEW institute, was minus 13.4 points, having increased from January value to minus 15 points. Experts had predicted an increase in the index to 13.6 points. The indicator, which determines the attitude to the current situation in the German economy, significantly decreased, reaching 15 points against 27.6 points in January. ZEW President, Achim Wambach, noted that the fall turned out to be deeper than expected due to the lack of new impulses in foreign trade, weakness in the manufacturing sector and a decline in industrial production.  

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