German Confidence on the Rise as Industrial Orders Increase

A strong increase in industrial orders together with greater demand for exports, helped push German investor confidence to an index rating of 53 compared to 44.5 in March. This was substantially better than the prediction of 45.1.

“The financial market experts’ positive expectations seem to have been decisively reinforced by the recent increase in exports and stable incoming orders,” an official with the ZEW which conducts the survey noted in a statement released with the results.

Source: The Associated Press

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