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Investor Confidence Ebbs in Germany
European investors and analysts are slightly less optimistic about German business conditions than they were in June, according to the Centre of European Economic Research (ZEW).
The Mannheim, Germany-based group's sentiment index slipped to 36.3 in July from 38.5 the previous month.
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European investors and analysts are slightly less optimistic about German business conditions than they were in June, according to the Centre of European Economic Research (ZEW).
The Mannheim, Germany-based group's sentiment index slipped to 36.3 in July from 38.5 the previous month. Gauges of the current economic situation and six-month outlook both declined modestly.
Analysts say one reason for the dip in confidence is weaker demand abroad for German-made goods. The country's exports to countries outside the EU dropped 9% month on month to €38.1 billion in May, according Eurostat, the region's statistics bureau.
For the broader eurozone, ZEW says confidence climbed 4.8 points from June to -74.4 this month.
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