German investor morale surges to near two-yr high- by Krista Hughes
The Mannheim-based ZEW economic think tank said on Tuesday its monthly poll of economic sentiment rose to 13.0 from -3.5 in March, showing its first positive reading since July 2007, which was just before the global credit crunch erupted. April's rise took the headline index to its highest level since June 2007, shooting well past the 1.5 consensus forecast and adding to signs that the worst of the downturn may be over in Europe's biggest economy. In another sign of economic recovery, the head of engineering sector association VDMA told Reuters last week that Germany's plant and equipment industry, the country's largest industrial employer, is seeing early signs of stabilization.
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