The ZEW research institute said its German economic expectations index for July soared 17.5 points to +37.0 from +19.5 in June The consensus forecast of economists polled by AFX News was for a rise to +22.0. The indicator is just above the historical median of +34.2 points. A reason for the significant rise, despite high oil prices, is the worldwide strong economic development, the ZEW said This and the weaker euro has contributed to a stronger order inflow in Germany, it added "Whether this means a actual sustainable development of higher expectations remains to be seen," said Wolfgang Franz, president of the ZEW