German investors rein in confidence levels

German analysts and investors see further growth potential for Europe’s biggest economy, though its already strong base means any further improvement may be limited, the ZEW think-tank’s April survey showed yesterday.

The institute said its monthly survey of economic sentiment fell to 53.3 points from 54.8 in March, undershooting a Reuters consensus forecast of 55.3 points.

That was the indicator’s first fall since October, but a separate gauge of conditions soared to 70.2 points from 55.1 in March, easily beating a consensus forecast for a reading of 56.0.