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German investor morale tumbles in April to lowest since 2012

Reuters  |  BERLIN 

(Reuters) - German investor morale plunged to its lowest level in more than five years in April as economic data weakened and uncertainty linked to rising trade tensions between and the increased, a survey showed on Tuesday.

The research institute said its monthly survey showed a reading for economic sentiment among investors had dropped for a third month in a row to -8.2 from 5.1 in March.

The reading was the lowest since November 2012 and compared with the consensus forecast for a reading of -1.0.

A separate gauge measuring investor assessment of the economy's current conditions edged down to 87.9 from 90.7 last month. The consensus forecast was for a reading of 88.0.

blamed the sharp drop in investor morale on rising concerns about a trade dispute between the and European Union, which could hit export champion He also cited fears that the war in could spiral into a regional conflict.

(Writing by Joseph Nasr; Editing by Catherine Evans)

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

First Published: Tue, April 17 2018. 16:26 IST