Central Banks
German Investor Confidence Sours for First Time in a Year
- ZEW expectations index declined to 41.8 in June; est. 41
- An indicator of current conditions unexpectedly improved
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Investor confidence in Germany’s economy worsened for the first time in a year as industry fails to match a gradual recovery in other sectors.
A barometer of expectations compiled by the ZEW institute fell to 41.8 in July from 47.5 in June, data released Tuesday showed. That was slightly higher than the 41 forecast in a Bloomberg survey. A measure of current conditions unexpectedly improved.