Economics
German Investor Confidence Falls Amid Equity and China Woes
- ZEW expectations index drops to 1.0 in February from 10.2
- ZEW's Steffen sees impact of `looming' world economic slowdown
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German investor confidence fell to its lowest level since October 2014 as equities plummeted amid slowing Chinese growth and concern over the profitability of euro-area lenders.
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 ahead, slid to 1.0 in February from 10.2 in January. Economists predicted a decline to zero, according to a Bloomberg survey.