August 14, 2018 / 9:19 AM / 8 months ago

German investor morale improves more than expected

BERLIN (Reuters) - The mood among German investors improved more than expected in August, a survey showed on Tuesday, as a U.S.-EU trade deal helped to dispel concerns about an escalating tariffs dispute.

The ZEW research institute said its monthly survey showed economic sentiment among investors improved to -13.7 from -24.7 from in July. This compared with the Reuters consensus forecast for a reading of -20.7.

A separate gauge measuring investors’ assessment of the economy’s current conditions edged up to 72.6 from 72.4 in the previous month. The Reuters consensus forecast was for a reading of 72.3.

Reporting by Michael Nienaber; Editing by Maria Sheahan

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