Updated / Tuesday, 11 May 2021
11:03
The ZEW economic research institute said its survey of investors economic sentiment rose to 84.4 points in May from 70.7 in April
German investor sentiment surged in May to its highest level since the start of the Covid-19 pandemic thanks to a third wave tailing off, pointing to a big upswing in Europe s largest economy in the coming six months.
The ZEW economic research institute said its survey of investors economic sentiment rose to 84.4 points from 70.7 the prior month.
The last time it hit a higher level was in February 2000. A Reuters poll had forecast a rise to 72. The slowing down of the third Covid-19 wave has made financial market experts even more optimistic, ZEW President Achim Wambach said in a statement.
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