Economics
German Investor Confidence in Economy Unexpectedly Declines
- Expectations index falls to 18.6 from 20.6; est. 21.7
- ZEW says prospects for German economy remain favorable
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German investor confidence unexpectedly dropped in June in a sign that exaggerated optimism in Europe’s largest economy is beginning to moderate.
The ZEW Center for European Economic Research in Mannheim said on Tuesday that its index of investor and analyst expectations, which aims to predict economic developments six months ahead, fell to 18.6 from 20.6 in June. Economists in a Bloomberg survey predicted an increase to 21.7.