German investor morale rises to the highest level in two years – ZEW

German investor morale improved well above expectations in April, reaching the highest level in more than two years, the ZEW economic research institute’s report showed.
The ZEW economic sentiment index rose to 42.9 points in April from 31.7 points in March and strongly overshot consensus of 35.9. 

ZEW Institute pointed to recovering global economy as a major boost to expectations for Germany, with majority expecting the economy to pick up over the next six months. 

Improved assessments of the situation and economic expectations in Germany’s export destinations, were also contributing to the optimistic outlook.

On the other hand, the assessment of the economic situation in Germany, remained almost unchanged, rising to -79.2 points from -80.5 previous month.

Economists, however, remain optimistic despite this index is still deep in negative territory, seeing a gradual improvement in economic development as likely scenario in coming months