(ANSA-AFP) - FRANKFURT AM MAIN, APR 16 - German investor
confidence rose more than expected in April, a key survey showed
Tuesday, on growing optimism about the economic outlook at home
and abroad. The ZEW institute's economic expectations index rose
for the ninth consecutive time, climbing by 11.2 points
month-on-month to reach 42.9 points. Analysts surveyed by
FactSet had predicted a smaller jump to 35 points. "A recovering
global economy is boosting expectations for Germany, with half
of the respondents anticipating the country's economy to pick up
over the next six months," said ZEW president Achim Wambach.
"Further contributing to the heightened optimism are the much
improved assessments of the situation and economic expectations
in Germany's export destinations," he added. (ANSA-AFP).
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