[ad_1]
BERLIN (Reuters) – German investor confidence has fallen more than expected in August, the ZEW think tank said Tuesday as trade disputes and Britain's growing exit prospects from the European Union have worsened the expectations of Europe's largest economy.
The institute said its monthly survey showed that investor confidence in the economy had fallen to -44.1%, from -24.5% in July, its lowest level since December 2011.
Economists polled by Reuters expected a drop in confidence of -28.5.
The German DAX fell to its lowest level during the session after ZEW published the results of the survey.
A separate index monitoring the badessment of the current economic situation by investors went from -1.1 to -1.5 the previous month.
Analysts expected the index to read -7.0.
(Reuters)
Source link
