World Economy

German Investor Confidence Falls

German Investor Confidence FallsGerman Investor Confidence Falls

German investor morale fell in July to the lowest level since November 2012 and much more than expected, a survey by German think tank ZEW showed on Tuesday, CNBC reported. The Mannheim-based ZEW institute’s latest indicator of economic sentiment in Germany fell in July, to -6.8 points from 19.2 points in June. Reuters had expected the index to fall to 9.0 points. ZEW said the economic and political uncertainty brought about by the UK’s decision last month to leave the European Union was largely responsible for the decline.