German Investor Confidence Falls for First Time in Six Months
- ZEW expectations index dropped to 13 in March; est. 15
- Financial market uncertainty weighing on sentiment: Wambach
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Investor sentiment in Germany’s economy fell for the first time in six months as concerns over risks in the banking sector add to headwinds from inflation faced by companies and households.
The ZEW institute’s gauge of expectations dropped to 13 in March from 28.1 in the previous month. That’s even worse than the median estimate for 15 in a Bloomberg poll of economists.