Growth in China, U.S boosts optimism in Germany
Confidence in many EU nations took a hit in the run up to Donald Trump's victory in the U.S. presidential election
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FRANKFURT—A survey of investor optimism about the Germany economy rose in November on prospects for stronger growth in China and the United States, two key export markets for German companies.
The ZEW institute’s indicator of economic sentiment rose to 13.8 points from 6.2 points in October.
ZEW President Achim Wambach said Tuesday that stronger data indicated future growth in the U.S. and China helped push sentiment higher for the fourth straight month. But he said that sentiment fell after Donald Trump’s victory in the Nov. 8 U.S. presidential election due to increased uncertainty about the future.
The survey was taken Oct. 31-Nov.14.