Germany: Stronger than expected fall in investor sentiment-ZEW | Photo credit: Shutterstock
(updated with details)
BERLIN, Sept 12 (Reuters) – Investor sentiment in Germany has deteriorated further since the beginning of September and has fallen more sharply than expected, a survey by the ZEW economic research institute showed on Tuesday.
The index measuring investor sentiment fell to -61.9 after -55.3 in August, while economists and analysts polled by Reuters had on average expected a figure of -60.0.
The Investor Judgment of the Current Situation sub-index widened to -60.5 from -47.6 last month. The Reuters consensus gave it at -52.2.
“With the more negative judgment on the current situation, the outlook for the next six months has deteriorated further,” said Achim Wambach, President of ZEW.
According to the institute, the anticipations of energy shortages for this winter weigh in particular on the prospects for German industry. (Berlin office report, with Rachel More and Miranda Murray, French version Claude Chendjou, edited by Sophie Louet)