Economics
German June Investor Confidence Fell More Than Expected
This article is for subscribers only.
German investor confidence fell the most in 14 years in June as Europe’s sovereign debt crisis weighed on 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, plunged to minus 16.9 from 10.8 in May. That’s the steepest decline since October 1998. Economists forecast a drop to 2.3, according to the median of 38 estimates in a Bloomberg News survey.