Economics
German Investor Confidence Fell From a Two-Year High in May
This article is for subscribers only.
German investor confidence fell from a two-year high in May as Europe’s debt crisis clouded the economic outlook.
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, slid to 10.8 from 23.4 in April. That’s the first decline since November and the biggest since August. Economists forecast a drop to 19, according to the median of 34 estimates in a Bloomberg News survey.