Pursuits
German Investor Confidence Fell More Than Forecast in July
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Investor confidence in Germany, Europe’s largest economy, dropped more than economists forecast in July as the euro-area 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 minus 15.1 from minus 9 in June. That’s the lowest since January 2009. Economists expected a decline to minus 12.5, according to the median of 42 estimates in a Bloomberg News survey.