German investor confidence has rebounded this month, calming fears that a slowdown in underlying growth is imminent in Europe’s largest economy.
The Mannheim-based ZEW’s economic sentiment index, intended as a guide to likely future growth trends, rose by 9.5 points in December – the first rise since January. At minus 19.0, the index was at its highest since August, although still below its historical average of 33.7 points. Meanwhile the assessment of current economic conditions was the most upbeat since the survey began in 1991.
