--Current Conditions surge to 70.2, highest since July 2011
LONDON (MNI) - Germany's benchmark investor sentiment index fell for the
first time in six months in April, the ZEW Institute said Tuesday, adding to
concerns that early growth momentum in the region's biggest economy may be
difficult to maintain.
The headline component of the indicator jumped to 53.3 points in April from
54.8 in March, the ZEW said, well shy of the 56.0 mark anticipated by analysts
polled by MNI. The current conditions index, however, again recorded a sharp
increase, jumping to 70.2 from a previous tally of 55.1 (and 45.5 in February)
and outpacing the MNI median forecast of 56.3.
"The German economy is in good shape.