Economics
German Investor Confidence Unexpectedly Fell in November
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German investor confidence unexpectedly declined in November as the sovereign debt crisis curbs growth in Europe’s largest economy.
The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, fell to minus 15.7 from minus 11.5 in October. That’s the first drop since August. Economists forecast an increase to minus 10, according to the median of 43 estimates in a Bloomberg News survey.