German investor confidence in 7th straight fall

The Associated PressJuly 15, 2014 

— A survey shows that German investor confidence fell for the seventh consecutive month in July, in another indication that Europe's biggest economy may be coming off the boil.

The ZEW institute said Tuesday that its monthly confidence index, which measures investors' economic outlook for the next six months, fell to 27.1 points from 29.8 in June. That was a steeper fall than economists predicted.

ZEW president Clemens Fuest said recent data had a sobering effect but that "the medium-term economic outlook remains favorable."

Germany's economy grew a robust 0.8 percent in the first quarter compared with the previous three-month period, but recent data have fuelled expectations of slower second-quarter growth. Factory orders and industrial production in May were below expectations amid slowing growth in China and tensions over Ukraine.

Bellingham Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service