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Exports lift German investors' mood

German economy - Confidence index higher than expected
German economy - Confidence index higher than expected

New figures show that German investor confidence has surged in April, as financial experts saw continued recovery from the recession.

The ZEW research institute said its closely watched financial sector indicator leapt eight points to 53 points, a score even stronger than the 46 points forecast by analysts.

'The German economy is being driven strongly by exports,' ZEW president Wolfgang Franz said.

In its measure of the current situation, ZEW said an assessment by investors has jumped higher by 12.7 points in April to minus 39.2 points, the 11th rise in a row.