A strong increase in industrial orders together with greater demand for exports, helped push German investor confidence to an index rating of 53 compared to 44.5 in March. This was substantially better than the prediction of 45.1.
“The financial market experts’ positive expectations seem to have been decisively reinforced by the recent increase in exports and stable incoming orders,” an official with the ZEW which conducts the survey noted in a statement released with the results.
Source: The Associated Press
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by Scott Boyd (see all)
- Japan’s Demographic Trap - 25 June 2012
- Officials Talk Openly of Greek Euro Exit - 16 May 2012
- Greek Voters Prepare to Roll the Dice - 15 May 2012