BERLIN (Reuters) – Investor sentiment in Germany has deteriorated sharply since the start of July, weighed down by uncertainties over the country’s energy supply, China’s health lockdowns and the prospect of a rate hike. of interest of the European Central Bank (ECB), shows Tuesday the survey of the institute of economic studies ZEW.
The index measuring investor sentiment fell to -53.8 after -28.0 in June, while economists and analysts polled by Reuters on average expected a decline to -38.3.
“Forecasts for energy-intensive and export-oriented sectors of the economy have suffered a particularly sharp decline,” ZEW Chairman Achim Wambach said.
Investors surveyed are significantly more negative about the current economic situation than they were a month ago and have further downgraded their already unfavorable outlook for the next six months, he added.
The Investor Judgment of the Current Situation sub-index fell back to -45.8 from -27.6 last month. The Reuters consensus gave it at -34.5.
(Report Miranda Murray, French version Marc Angrand, edited by Jean-Stéphane Brosse)
Copyright © 2022 Thomson Reuters