German Investor Outlook Unexpectedly Darkens on Banking Woes
- ZEW expectations index declined to 4.1 in April; est. 15.6
- Inflation remains high, with ECB still raising interest rates
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Investor sentiment in Germany’s economy deteriorated on concern about the banking sector and elevated inflation.
The ZEW institute’s gauge of expectations dropped to 4.1 in April from 13 the previous month. That’s worse than the 15.6 median estimate in a Bloomberg survey of economists.