22 June 2004, 13:09  German ZEW June indicator rises first time in 2004

The German ZEW institute said on Tuesday its gauge of investor confidence in Europe's largest economy rose for the first time this year in June, although the increase was less than analysts forecast. The Mannheim-based think tank said its expectations indicator for Germany rose to 47.4 points from 46.4 in May. The consensus forecast among analysts polled by on Friday was for a rise to 48.0. Forecasts ranged from 44.0 to 58.0 |||

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