Central Banks
German Investor Confidence Plunges to Lowest Since January
- ZEW expectations index fell to 19.2 in August; est. 34
- ‘Economic outlook for Germany is breaking down,’ Wambach says
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Investor confidence in Germany’s economy plummeted to its lowest level since January following a disappointing run of data and the recent turmoil on global stock markets.
An expectations gauge compiled by the ZEW institute fell to 19.2 in August from 41.8 in July, a release Tuesday showed. That was much lower than the 34 forecast in a Bloomberg survey. An index of current conditions also declined more than expected.