German Investor Confidence Declines to 21-Month Low
This article is for subscribers only.
German investor confidence fell to a 21-month low in October as weaker global growth and a stronger euro dimmed the export outlook.
The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict developments six months ahead, dropped for a sixth month, to minus 7.2 from minus 4.3 in September. While the reading was the lowest since January 2009, ZEW’s gauge of the current situation jumped to 72.6, a three-year high.