German Investor Confidence Surges Beyond Expectations in May

In May, German investor confidence saw a notable uptick, outpacing expectations, buoyed by the robust economic performance in the initial months of the year, as per the ZEW economic research institute's latest report on Tuesday. The economic sentiment index climbed to 47.1 points from April's 42.9 points.

Achim Wambach, President of ZEW, highlighted, "With the German economy exhibiting stronger growth than anticipated in Q1 2024, both the assessment of the current economic situation and future expectations have turned more favorable."

Furthermore, the evaluation of Germany's economic state improved to minus 72.3 points from the previous month's minus 79.2 points, indicating a more optimistic outlook among investors.

Paraphrasing text from "Reuters" all rights reserved by the original author.