Pursuits
German Investor Confidence Declined for a Third Month in May
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German investor confidence declined for a third month in May as faster inflation threatened to curb consumer spending and Europe’s sovereign-debt crisis worsened.
The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict developments six months in advance, fell to 3.1 from 7.6 in April. Economists expected a drop to 4.5, according to the median of 31 estimates in a Bloomberg News survey.