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German investor sentiment improves in November-ZEW

Published 11/11/2008, 05:09 AM
Updated 11/11/2008, 05:12 AM

MANNHEIM, Germany, Nov 11 (Reuters) - German analyst and investor sentiment about the outlook for Europe's largest economy improved this month, a closely watched survey showed on Tuesday.

An indicator published by the ZEW research institute and based on a survey of 287 analysts rose to -53.5 in November from -63.0 in October, ZEW said. ZEW conducted the survey from Oct. 27 to Nov. 10.

The mid-range forecast in a Reuters survey of 37 economists last week was for a reading of -62.0 for the indicator, which reflects the difference between the share of analysts and investors who are optimistic and the share who are pessimistic.

A separate gauge of analysts' assessment of current conditions fell to -50.4 in November from -35.9 the previous month, ZEW said. The consensus forecast in the Reuters poll was for -45.0. (Reporting by David Milliken, writing by Paul Carrel)

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