German investor confidence improves more than expected in November

German investor confidence improved more than expected in November, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.

The index of economic sentiment rose to 13.8 points from 6.2 points in October, comfortably beating analysts’ expectations for a reading of 8.1.

However, the current situation index declined to 58.8 in November from 59.5 the month before, missing expectations for a reading of 61.5.

ZEW President Professor Achim Wambach said: “The ZEW Indicator of economic sentiment has increased for the fourth time in a row – not least due to positive economic figures seen in the US and China.

“The election of Donald Trump as US President and the resulting political and economic uncertainties have, however, had an impact.”