India, June 17 -- Investor confidence in Germany improved more than expected in June underpinned by rising consumer demand and spending plans of the new government, a monthly survey conducted by the think tank ZEW showed on Tuesday.
The ZEW Indicator of Economic Sentiment surged to a three-month high of 47.5 in June from 25.2 in the previous month. The score was seen at 34.8. The assessment of the current situation also strengthened the most since April 2023. The corresponding index rose to -72.0 from -82.0 in the previous month.
"Recent growth in investment and consumer demand have been contributing factors," ZEW President Achim Wambach said.
"This development also seems to strengthen the assessment that the fiscal policy measures annou...