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A cargo shop is seen on the river Main as the sun sets behind the bank buildings in Frankfurt, Germany, Monday, April 15, 2019. (AP Photo/Michael Probst)

German economy gets positive signal amid slowdown

 By The Associated Press  April 16, 2019 at 3:27am
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FRANKFURT, Germany (AP) — An index of investor sentiment about Germany bounced higher in April, adding to the contradictory signals about the strength of Europe’s largest economy.

The ZEW index published Tuesday rose for the sixth straight month, to plus 3.1 from minus 3.6 in March.

The German economy registered no growth at the end of 2018 and manufacturing data has been weak amid slowing global trade. The weak points have been offset by low unemployment and rising wages, raising hopes for a modest rebound this year.

Analyst Carsten Brzeski of bank ING-DiBa said the index was boosted by better economic news from China, a key trade partner, by rising share prices, and the European Central Bank and U.S. Federal Reserve’s shift away from withdrawing stimulus and toward adding more, if necessary.

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The Associated Press
The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands. Photo credit: @AP on Twitter
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
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