German investor confidence deteriorates in August – ZEW

FXStreet (Mumbai) – Investor confidence in Germany declined again in August despite the recent developments in the euro zone, especially in Greece, were generally positive, the closely watched onward-looking ZEW survey from Germany showed on Tuesday.

The German ZEW investor expectations index over the past few months declined from peaks in March of 54.8 to July lows at 29.7, its lowest level since November last year.

The ZEW Economic Sentiment Index, evaluating the economic outlook of about 350 respondents for the six months ahead, fell to 25.0 in August, down from the previous month when the reading stood at 29.7 points. Market had expected the reading to reach 31.9 points. This was the fifth consecutive month that saw investor confidence in Europe’s powerhouse decline.

Meanwhile, the Current Situation Indicator came in at 65.7 in the reported month, rebounding from July’s 63.9 and compared with forecast of 64.2 points.

Investor confidence in Germany declined again in August despite the recent developments in the euro zone, especially in Greece, were generally positive, the closely watched onward-looking ZEW survey from Germany showed on Tuesday.

(Market News Provided by FXstreet)