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German investor sentiment drops sharply
http://www.dw.com/en/german-investor-sentiment-drops-sharply/a-18640857The mood among analysts and investors in Europe's largest economy took a sharply pessimistic turn in August, a leading survey has found, as geopolitical uncertainty is fraying investors nerves.
German investor sentiment drops sharply
11.08.2015
Mannheim-based think tank ZEW said on Tuesday its monthly survey of German economic sentiment fell 4.7 points in August to 31.5 points - the fifth straight month of decline in the forward-looking indicator.
ZEW President Clemens Fuest said in a statement that economic activity in Germany was still running smoothly, but added: "Under the current geopolitical and global economic circumstances a substantial improvement in Germany over the medium term is unlikely."
While their global outlook is subdued, the 228 German analysts and investors polled by ZEW expect a significant improvement in the eurozone, mirrored by a 4.9-point increase in the sub-indicator for the currency area.
Investor assessment of current eurozone business is also positive as shown by a 4.1-point increase compared with July.
