German Investor Confidence up Despite Concern Over UK Vote

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Source:   —  April 19, 2016, at 3:22 PM

The ZEW index rose to 11.2 points in April, up from 4.3 in March. Optimism increased despite fears about a possible British exit from the European Union after a June twenty-three referendum.

A survey of investment analysts shows confidence rose in the German economy thanks to somewhat better economic news out of China.

The ZEW index rose to 11.2 points in April, up from 4.3 in March. Optimism increased despite fears about a possible British exit from the European Union after a June twenty-three referendum.

The index, based on a survey of two hundred twenty-five financial experts, remains below its long-term average of 24.5 points.

Sascha Steffen of the ZEW institute said Tuesday that despite better news from China, "continued destitute growth" there remains a burden for German exports — while the opportunity of Britain leaving the EU "seems to be having a negative impact."

Germany, the biggest economy in the 19-country eurozone, grew a moderate 0.3 % in the fourth quarter of 2015.

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