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Business & Finance Print edition: 2020-09-16

German investor confidence hits 20-year high

Published September 16, 2020 Updated September 16, 2020 03:43am
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By AFP
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FRANKFURT AM MAIN: Investor confidence in Germany unexpectedly soared to a 20-year high in September despite a resurgence in coronavirus cases and Brexit tensions, a key survey showed Tuesday. The ZEW institute's monthly barometer measuring investor expectations in Europe's largest economy leapt to 77.4 points, the highest reading since May 2000.

The figure marked a rise of 5.9 points from August, when confidence hit a near 17-year high. The reading surprised analysts who were expecting a fall in German investor confidence to 70.0 points this month, according to a survey by FactSet.

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