German investor morale drops more than expected

0
29


A survey published on Tuesday showed that أظهر Investor sentiment in Germany It fell more than expected in July but still at a very high level, while expectations for a strong economic recovery were raised.

The ZEW Institute for Economic Research said its index of investor sentiment fell to 63.3 from 79.8 in June. A Reuters poll had expected the index to fall to 75.2.

But another institute’s measure of current economic conditions jumped to 1.9 in July from -9.1 the previous month, moving into positive territory for the first time in two years and easily exceeding the average forecast of 5.0 points.

An economist at the institute said that financial market experts expect that the overall economic situation will be exceptionally positive in the next six months.





LEAVE A REPLY

Please enter your comment!
Please enter your name here