German investor confidence down for 6th month in a row over fears of 2nd-quarter weakness

BERLIN – A survey shows that German investor confidence has fallen for the sixth consecutive month and has hit its lowest level since December 2012 amid concerns about a soft patch in Europe’s largest economy.

The ZEW institute said Tuesday that its index measuring investors’ economic outlook for the coming six months fell 3.3 points to 29.8 in June, following a much bigger drop in May.

At the same time, investors’ assessment of the current situation in Germany improved.

Germany’s economy grew by a robust 0.8 per cent in the first quarter but recent data have sent mixed signals and second-quarter growth is expected to be slower.

ZEW President Clemens Fuest says the survey indicates investors feel “the German economy is currently in very good shape, but further increases are becoming more difficult.”