Agence France-PresseMay 14, 2013 06:30
Investment sentiment in Germany stabilised in May following a sharp decline the previous month, but fell short of analyst expectations, a new survey found on Tuesday.
The widely watched investor confidence index calculated by the ZEW economic institute rose fractionally by 0.1 point to 36.4 points in May, while analysts had been projecting a more pronounced increase to around 39.5 points this month.
"After a sharp decline last month, the ZEW indicator of economic sentiment for Germany has moved sideways in May 2013," the think-tank said in a statement.
Follow us: