BERLIN – A closely watched survey shows German investors have partially recovered from “Brexit shock” but that concerns remain.
The ZEW institute said Tuesday its indicator of German economic sentiment increased by 7.3 points in August over July. That put the indicator back in positive territory at 0.5 points but still well below the long-term average of 24.2.
ZEW President Achim Wambach says the indictor “has partly recovered from the Brexit shock.” But, he says, political risks in the EU and elsewhere, coupled with concerns about the EU banking sector, “continue to inhibit a more optimistic economic outlook for Germany.”
Investors’ assessment of the current economic situation rose 7.8 points for Germany, and 2.1 points for the eurozone. It dropped 19.9 points for Britain.
ZEW surveyed 214 analysts for the poll.