German investor confidence fell to the lowest since August as political uncertainty in Ukraine threatens to weigh on a recovery in Europe’s largest economy that may be nearing its peak.
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 46.6 from 55.7 in February. That’s the third monthly decline. Economists forecast a decline to 52, according to the median of 41 estimates in a Bloomberg News survey. The gauge reached a seven-year high of 62 in December.