German investor confidence recovers in August after weakening of fears related with the economic consequences of Brexit. The investor confidence in the largest economy in Europe grew by 7.3 points (to +0.5 points) after a fall of 26 points in the previous month. The index based on a survey of 214 analysts and institutional investors, partly recovered from the shock after Brexit. Political risks in the EU and beyond, however, continue to hamper more optimistic economic outlook for Germany.
Moreover, uncertainty about the sustainability of the European banking sector continues.
The analysts added that the index measuring current conditions in Germany also recovered in August. The indicator rose by 7.8 points to 57.6 points.
The expectations of financial experts for the development of the situation in the Eurozone improved significantly. The expectations are indicator rose by 19.3 points to 4.6 points. The indicator for the current situation in the Eurozone improved by 2.1 points to -10.4 points.
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