German investor morale rose more than expected in June, the ZEW economic research institute said today, reporting an increase in its economic sentiment index to 47.5 points from 25.2 points in May.
Analysts polled by Reuters had pointed to a reading of 35.
“Confidence is picking up,” said ZEW president Achim Wambach.
Fiscal policy measures announced by the German government, along with the European Central Bank’s recent interest rate cuts, could bring economic stagnation in Germany to an end, added Wambach.
The index measuring current conditions, though still in negative territory, also rose more than expected in June, to -72 points, from -82 points the month before.
That forecast had been for -75 points in June.
