German investor morale rises modestly in June, ZEW says
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THE recovery in German investor morale tapered off in June, the ZEW economic research institute said on Tuesday (Jun 18), reporting a modest rise in its economic sentiment index that fell short of forecasts.
The economic sentiment index rose to 47.5 points from 47.1 points in May. Analysts polled by Reuters had pointed to a June reading of 50.
The assessment of the economic situation in Germany has slightly deteriorated, falling to minus 73.8 points from minus 72.3.
ZEW president Achim Wambach said that inflation expectations of respondents increased, which is likely related to the inflation rate in May, which turned out higher than expected. REUTERS
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