August 13, 2019 / 9:18 AM / 3 months ago

German investor morale slumps as economic outlook worsens

BERLIN, Aug 13 (Reuters) - The mood among German investors slid far more than expected in August, a survey showed on Tuesday, and the ZEW institute blamed trade disputes and higher chances of a no-deal Brexit for a worsening outlook in Europe’s biggest economy.

ZEW said its monthly survey showed economic sentiment among investors fell to -44.1 from -24.5 in July. Economists polled by Reuters had expected a drop to -28.5.

A separate gauge measuring investors’ assessment of the economy’s current conditions fell to -13.5 from -1.1 in the previous month. Analysts had predicted a reading of -7.0. (Reporting by Madeline Chambers Editing by Michelle Martin)

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