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German investor sentiment deteriorates in February

Staff writer |
German investor confidence deteriorated in February, albeit a little less than expected, according to the ZEW Center for European Economic Research in Mannheim.

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The ZEW indicator of economic sentiment for Germany fell to 1.0 point from 10.2 the previous month, but was still a little better than the 0 reading expected by economists.

The index that gauges investors' and analysts' assessment of the current situation in Germany fell 7.4 points from the previous month to 52.3, missing forecasts of 55.5.

Meanwhile, the indicator of economic sentiment for the Eurozone fell 9.1 points to a reading of 13.6 points, versus expectations for a reading of 10.3.

The assessment of the current situation slipped 0.5 points to -8.0.

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