German Investor Pessimism Eases on Hopes Economy Won’t Worsen
- ZEW expectations gauge rises to -28; economists saw -26.8
- Expectations still deeply negative after uptick, Wambach says
The pandemic rebound in Germany is being damped by soaring prices and renewed supply-chain disruptions.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Confidence in the German economy improved a little, while remaining depressed, as fewer investors predict the outlook will deteriorate further in the face of record inflation and the war in Ukraine.
The ZEW institute’s gauge of expectations rose to -28 in June from -34.3 in May, slightly short of economists’ estimates. An index of current conditions also gained.