German investor morale rose more than expected in July, the ZEW economic research institute said today, reporting an increase in its economic sentiment index to 52.7 points from 47.5 points in June.
Analysts polled by Reuters had pointed to a reading of 50.3.
"After the strong improvements of the past two months, the positive sentiment among respondents is becoming more firmly established," said ZEW President Achim Wambach.
The assessment of the current economic situation also experienced a significant increase, with the indicator rising to -59.5 points from -72 points.
Despite ongoing uncertainty due to global trade conflicts, nearly two-thirds of the experts expect the German economy to improve, Wambach said.
Some 200 analysts and institutional investors took part in ZEW's survey, which was conducted between July 7 and 14.
