11 November 2003, 13:06  German ZEW Nov indicator up at 67.2, above f'cast

BERLIN, Nov 11 - The ZEW institute's investor expectations indicator for Germany rose 6.9 points to 67.2 in November, beating analysts' expectations for a reading of 65.0. "The optimism of the analysts polled by ZEW is being fed by the surprisingly clear-cut rise in industry orders in September," ZEW said in a statement published on Tuesday, adding that a stock market rally and a weaker euro had also helped. The expectations indicator peaked at 89.6 in January 2000. The all-time low was minus 62.2 in December 1992. The Mannheim-based institute surveys some 300 analysts and institutional investors each month. The institute's indicator gauging current conditions remained almost unchanged at minus 87.5 compared with minus 87.4 in October. Its expectations indicator for the euro zone climbed 5.3 points to 72.1 from 66.8 points in October.||

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