BERLIN – A survey shows that investor confidence in Germany, Europe's biggest economy, has risen to its highest level in a year though the increase was a little short of expectations amid concerns over Ukraine and Greece.
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The ZEW institute said Tuesday its monthly confidence index, which measures investors' economic outlook for the next six months, rose to 53 points for February from 48.4 last month — the fourth consecutive increase. Economists had predicted a rise to 55 points.
ZEW president Clemens Fuest said the European Central Bank's decision to start buying government bonds with newly printed money improved sentiment along with robust fourth-quarter German economic growth.
All the same, he said that "the intensification of the Ukraine crisis and the collision course of the new Greek government are dampening expectations."