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German investor morale hits six-year low on trade angst

Reuters  |  BERLIN 

(Reuters) - The mood among German investors slumped in July to its lowest level since August 2012, a survey showed on Tuesday, weighed down by concerns about escalating trade tensions with the

The research institute said its monthly survey showed economic sentiment among investors fell to -24.7 from -16.1 in June. This compared with the consensus forecast for a reading of -18.0.

A separate gauge measuring investors' assessment of the economy's current conditions fell to 72.4 from 80.6 last month. The consensus forecast was for a reading of 78.2.

"The current survey period has been marked by great political uncertainty," said in a statement.

"In particular, fears over an escalation of the international trade war with the have dampened the economic outlook," he added.

(Writing by Paul Carrel; Editing by Maria Sheahan)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 10 2018. 14:51 IST
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