German investor morale improves more than expected in November – ZEW

People walk on a shopping street in the southern German town of Konstanz January 17, 2015.REUTERS/Arnd Wiegmann/File Photo Acquire Licensing Rights

BERLIN, Nov 14 (Reuters) – German investor morale improved more than expected in November, entering positive territory for the first time since April, the ZEW economic research institute said on Tuesday.

The institute’s economic sentiment index rose to 9.8 points from -1.1 points in October, beating forecasts by analysts polled by Reuters of a November reading of 5.0 points.

However, the assessment measuring the economic situation in Germany was barely changed, rising by 0.1 points to -79.8.

« These observations support the impression that the economic development in Germany has bottomed out, » said ZEW president Achim Wambach.

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