Economics

Confidence in Germany’s Recovery Slips Amid New Virus Hurdles

ZEW investor expectations fall to 63.3 vs. est. drop to 75.2
Manufacturing orders unexpectedly slumped 3.7% in May

Assembly of Volkswagen's ID.3 Electric Vehicle — Photographer: Liesa Johannssen-Koppitz/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Carolynn Look

July 6, 2021 at 6:10 AM UTC

Updated on

July 6, 2021 at 9:09 AM UTC

This article is for subscribers only.

Investor confidence in Germany’s economic recovery eased in July as supply bottlenecks weigh on manufacturing and spreading coronavirus variants threaten the revival in services.

A ZEW gauge of expectations slipped to 63.3 from 79.8, the lowest since January and below all estimates in a Bloomberg survey. Still, a measure of current conditions turned positive for the first time in two years, indicating more respondents described the situation as good than bad.