Germany: Further fall in investor sentiment-ZEW


(With details and context)

BERLIN, July 12 (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 lockdowns and the prospect of a rise in interest rates 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)





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