Central Banks
German Investor Confidence Plummets After Spate of Bad News
- ZEW expectations index drops to 3.6 in September; est. 17
- Hope for swift economic improvement is fading, Wambach says
Volkswagen announced it would end a decades-old labor pact and consider closing domestic factories.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Investor confidence in Germany’s economy plunged to its lowest level in almost a year after further signs that the country’s manufacturing giants face an increasingly uncertain future.
The surprisingly quick deterioration in sentiment is the latest evidence of a souring outlook, arriving just after Intel Corp. said it plans to postpone a planned factory by about two years.