German investor confidence jumps in April: indicator
German investor confidence has surged in April, as financial experts saw continued recovery from the country's worst post-war recession, the ZEW economic research institute said Tuesday.
The closely watched financial sector indicator lept eight points to 53.0 points, a score even stronger than the 46 points forecast by analysts.
"The German economy is being driven strongly by exports," ZEW president Wolfgang Franz said.
"They are necessary to stabilise the upturn in the economy," he added.
In its measure of the current situation, ZEW said an assessment by investors has jumped higher by 12.7 points in April to minus 39.2 points, the 11th rise in a row.
© 2010 AFP