Economics
German Investor Sentiment Drops on Euro and Dieselgate Woes
- ZEW index falls to 10 in August vs median estimate of 15
- Decline reflects uncertainty over German growth prospects
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German investor confidence declined for a third month amid concern that the widening diesel scandal and the strengthening euro will weigh on Europe’s largest economy.
An expectations index, which aims to predict economic developments six months ahead, fell to 10 from 17.5 in July, according to the ZEW Center for European Economic Research. That’s the lowest level since October and compares with a median estimate in a Bloomberg survey for a drop to 15.