German investor morale rises modestly in June, ZEW says
BERLIN (Reuters) -The recovery in German investor morale tapered off in June, the ZEW economic research institute said on Tuesday, reporting a modest rise in its economic sentiment index that fell short of forecasts.
The economic sentiment index rose to 47.5 points from 47.1 points in May. Analysts polled by Reuters had forecast a June reading of 50.0.
The assessment of the current economic situation in Germany slightly deteriorated in June, falling to minus 73.8 points from minus 72.3.
ZEW president Achim Wambach said that the inflation expectations of respondents had increased, likely related to the inflation rate in May, which turned out higher than expected.
(Reporting by Andrey Sychev and Maria Martinez; editing by Rachel More, Madeline Chambers and Christina Fincher)
Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.