German Investor Confidence Slumps on Political Strife, Trump Win
- ZEW expectations index falls to 7.4 in November; est. 13.2
- German economy avoided recession but not broader crisis
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Investor confidence in Germany’s economy unexpectedly worsened in November after a spate of bad news from the country’s industry, the collapse of the three-party government and the election of Donald Trump.
An expectations index by the ZEW institute fell to 7.4 from 13.1 the previous month. Economists had forecast an increase to 13.2. A measure of current conditions also saw a surprise downturn in the survey, which was conducted Nov. 4-11.