German Investor Confidence Extends Slide as Political Risks Gain
- ZEW index fell to -16.1 in June vs. estimated drop to -14
- Institute says U.S. trade dispute, Italy damp outlook
Shipping containers sit on board a cargo ship in the Port of Hamburg.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
German investor confidence tumbled to its lowest level since 2012 as U.S. trade tariffs and Italy’s political turmoil added to concerns that the economy is weakening.
The ZEW Center for European Economic Research in Mannheim said on Tuesday that its index of investor expectations fell to minus 16.1 in June from minus 8.2 in May, marking the fourth monthly decline this year. Economists in a Bloomberg survey predicted a drop to minus 14. The negative reading means that more of those investors surveyed saw a worsening of the outlook than forecast an improvement.