Confidence among German investors recovered slightly from recent months' lows in December, a regular survey found Tuesday, but remained gloomy overall. Measuring expectations for the coming months, the ZEW institute's monthly barometer based on a poll of 201 analysts and financial players added 6.6 points to reach -17.5.
"The increase in economic expectations in December is welcome, but shouldn't be over-interpreted," warned ZEW chief Achim Wambach in a statement.
"Uncertainties negatively influencing private investment and German exports remain, like the growing international trade conflict and Brexit." Looking to other elements of the survey, investors' judgement of the current economic situation in Germany worsened by 12.9 points, to 45.3.
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