German investor sentiment bounces back

German investor sentiment on the outlook for Europe's largest economy bounced back by more than expected this month, a closely watched survey showed today.

The ZEW economic research institute's gauge of expectations for Germany, based on a poll of 297 analysts and investors, rose to -55.5 in August from July's record low of -63.9.

The mid-range forecast of 47 economists polled by Reuters last week was for a more modest gain in the index to -62.0. Forecasts ranged between -70.8 to -50.0.

A separate ZEW gauge of current conditions in Germany fell to -9.2 from 17.0 the previous month, below the consensus forecast for a decline to 10.0.

Reuters