German investor sentiment improves more than expected in August - ZEW

(Sharecast News) - German investor sentiment improved more than expected in August, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim. The ZEW economic expectations index ticked up to 34.2 from 26.3 in July, coming in above expectations for a reading of 30.0.

Meanwhile, the current conditions index improved to -61.1 in August from -77.6 in July.

ZEW President Achim Wambach said: "The positive trend in expectations further consolidates in August, likely due to the good quarterly results and the recent high level in exports.

"The German economy continues to benefit from the federal government's infrastructure programmes although the record low water levels on the Rhine River present an additional acute risk affecting economic activity."