India, May 13 -- German investor confidence rebounded in May as the formation of new government as well as the progress in the tariff disputes strengthened expectations, a survey published by the think tank ZEW showed on Tuesday.
The ZEW Indicator of Economic Sentiment climbed sharply by 39.2 points to 25.2 in May. The reading was well above economists' forecast of 9.8.
However, the assessment about the current economic situation remained deep in the negative territory. The current situation index dropped unexpectedly by 0.8 points to -82.0. The score was forecast to improve to -77.0.
"With a new government in place, some progress in the tariff disputes and a stabilizing inflation rate, optimism has increased," ZEW President Achim Wambac...