Optimistic German investors: the ZEW index reached 44.8 points

German investor confidence in the economy increased to a three-year peak in June. The analyst did not expect such a good data.

The ZEW has been index increased to 44.8 points in June from the 31.1 points of May. The index was this high last time in May 2006. The Bloomberg's analysts by contrast, only expected a 35 points result. The German government expects a 6 percent decrease of the GDP this year. The index of ZEW brings good news, but a significant number of investors and analysts expectations appear to be excessive, as the stock market rally over the past months have distracted the attention of the poor economic of Germany – reports Napi Online.