German April Economic Sentiment Rises More Than Expected

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9:17 GMT

Apr 2009

German April Economic Sentiment Rises More Than Expected

(RTTNews) - Tuesday, the Center for European Economic Research, or ZEW, said in a report that its economic sentiment index for Germany rose to 13 in April from minus 3.5 in March. Meanwhile, economists had expected the index to rise to 2. The indicator marked a positive reading for the first time since July 2007.

Meanwhile, the assessment of the current economic situation in Germany stabilized in April. The corresponding indicator dropped only slightly by 2.2 points to minus 91.6 points. Economists had forecast a reading of minus 90.

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