BERLIN, Aug 19 - The German ZEW institute's expectations indicator for Germany rose for the eighth month in a row in August and by more than expected, adding to signs of growing optimism about a recovery in Europe's largest economy. In a statement released on Tuesday, the ZEW said the indicator jumped 10.6 points to 52.5 from 41.9 in July, beating expectations among analysts polled by for a rise to 47.0. The range in the poll was 38.0 to 60.0.
"The indicator further builds on its rise above its long term average of 33 points, strengthening expectations of an economic recovery at the beginning of next year," ZEW said. Its indicator for the wider euro zone economy also rose by 7.6 points to 58.1.//