FOREX TradingCharts.com

Financial News: German Investor Confidence At 13-month High

German Investor Confidence At 13-month High

04/16/2019 - 10:06:00 (RTTNews)

(RTTNews) - Germany's investor confidence rose sharply in April and topped economists' expectations, raising hopes of a rebound in the biggest euro area economy, but a sharp deterioration in the current assessment suggest that the outlook is set to remain greatly subdued in the near term.

The ZEW investor confidence index climbed to 3.1 from -3.6 in March, survey data from the ZEW-Leibniz Centre for European Economic Research showed on Tuesday. Economists had forecast a score of 0.8.

The index reading improved for a sixth consecutive month to enter positive territory for the first time since March 2018, and was the strongest since that month, when the score was 5.1.

Though the indicator still remains below the long-term average of 22.2 points, economic expectations have recovered significantly from its low point in October 2018, having climbed almost 28 points since, ZEW said.

The current situation index of the survey, however, tumbled to 5.5 in April from 11.1 in March. Economists were looking for a score of 8.5. The score was the weakest since November 2014, when it was 3.3.

"The slight improvement recorded by the ZEW Indicator of Economic Sentiment is largely based on the hope that the global economic environment will develop less poorly than previously assumed," ZEW President Achim Wambach said.

"The postponement of the Brexit deadline may also have contributed to buoy the economic outlook. By contrast, the latest figures regarding incoming orders and industrial production in the German industry point to a rather weak economic development."

The investor confidence index for Eurozone surged to 4.5 in April from -2.5 in March, the ZEW survey said. However, the current assessment index shed 6.6 points to -13.2.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


New Zealand Credit Card Spending Data Due On Tuesday (04 hr(s), 27 min(s), 04 sec(s) ago)
(RTTNews) - New Zealand will on Tuesday release March numbers for credit card spending, highlighti ...Full Story»

U.S. Existing Home Sales Pull Back More Than Expected In March (12 hr(s), 07 min(s), 04 sec(s) ago)
(RTTNews) - A report released by the National Association of Realtors on Monday showed a significa ...Full Story»

Taiwan Jobless Rate Falls Slightly In March (15 hr(s), 06 min(s), 04 sec(s) ago)
(RTTNews) - Taiwan's unemployment rate fell slightly in Mach, the Directorate General of Budge ...Full Story»

Turkey Consumer Confidence At 8-Month High (15 hr(s), 09 min(s), 04 sec(s) ago)
(RTTNews) - Turkey consumer confidence rose to the highest pace in eight months in April, figures ...Full Story»

Estonia Producer Price Inflation Slows In March (15 hr(s), 11 min(s), 04 sec(s) ago)
(RTTNews) - Estonia's producer price inflation slowed in March, data from Statistics Estonia s ...Full Story»

Japan Convenience Store Sales Data Due On Monday (04 hr(s), 24 min(s), 04 sec(s) ago)
(RTTNews) - Japan will on Monday see convenience store sales data for March, highlighting a light ...Full Story»

U.S. Housing Starts Unexpectedly Dip 0.3% In March (13 hr(s), 38 min(s), 04 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday unexpectedly showed a modest de ...Full Story»

Japan Overall Inflation +0.5% On Year In March (02 hr(s), 47 min(s), 04 sec(s) ago)
(RTTNews) - Overall nationwide consumer prices in Japan were up 0.5 percent on year in March, the ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

New Zealand Credit Card Spending Data Due On Tuesday

04/22/2019 - 18:00 PM (RTTNews)
(RTTNews) - New Zealand will on Tuesday release March numbers for credit card spending, highlighti ...Full Story>>

U.S. Existing Home Sales Pull Back More Than Expected In March

04/22/2019 - 10:20 AM (RTTNews)
(RTTNews) - A report released by the National Association of Realtors on Monday showed a significa ...Full Story>>

Taiwan Jobless Rate Falls Slightly In March

04/22/2019 - 07:21 AM (RTTNews)
(RTTNews) - Taiwan's unemployment rate fell slightly in Mach, the Directorate General of Budge ...Full Story>>

Turkey Consumer Confidence At 8-Month High

04/22/2019 - 07:18 AM (RTTNews)
(RTTNews) - Turkey consumer confidence rose to the highest pace in eight months in April, figures ...Full Story>>

Estonia Producer Price Inflation Slows In March

04/22/2019 - 07:16 AM (RTTNews)
(RTTNews) - Estonia's producer price inflation slowed in March, data from Statistics Estonia s ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.