German investor confidence rebounds in September

FRANKFURT, Sept 17 (AFP): Confidence among German investors rebounded strongly in September, wiping out a sharp fall the previous month, although investors remain gloomy about growth prospects in the months to come, a survey showed Tuesday.
The Mannheim-based ZEW institute said its headline monthly index, which measures economic expectations, gained 21.6 points to reach -22.5 in September-beating analysts' forecasts.
This month's increase "does not mean we can sound the all-clear about the development of the German economy in the coming half year," ZEW chief Achim Wambach said.
The result remains far below the long-term average of 21.5 points.
And looking elsewhere in the survey, investors' view of the present economic situation in Germany darkened, falling 6.4 points to 19.9 and disappointing forecasts.