Sentiment among German investors about
the outlook for Europe's largest economy improved in May, the
latest survey by the ZEW economic research institute showed today.
The think tank said its economic sentiment indicator, based on
a survey of 301 analysts and institutional investors, rose to
24.0 this month from 16.5 in April.
'The economic upswing in Germany seems to be hardly influenced
by the VAT increase and the economic downturn in the US,' ZEW
President Wolfgang Franz said in a statement, referring to a three-point
VAT rise earlier this year.