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POST TIME: 12 September, 2018 00:00 00 AM
German investors’ onfidence picks up in September
AFP

German investors’ onfidence picks up in September

Confidence among investors in Germany continued a rebound from summer lows in September, a regular survey showed Wednesday, but remained in negative territory, reports AFP from Frankfurt.

The ZEW economic institute’s barometer, based on a poll of 197 analysts and financial players, added 3.1 points for a reading of -10.6.

While the survey period saw currency crises in Turkey and Argentina worsen and weak industrial production and orders data at home, “the outlook for Germany improved slightly despite these unfavourable effects,” ZEW president Achim Wambach said.

“Significant fears among participants regarding economic developments have calmed slightly again, which might be down to the new trade agreement between the United States and Mexico” reached in late August, he added.

Any signs that President Donald Trump’s protectionist instincts are being soothed is welcome for Germany, whose economy with its massive trade surplus and powerful multinational firms is sensitive to new barriers to international exchange.