By Maria Martinez
BERLIN (Reuters) – German investor morale darkened more than expected in September, the ZEW economic research institute said on Tuesday, as the assessment of the economic situation continued its downward trend.
The economic sentiment index fell to 3.6 points from 19.2 points in August. Analysts polled by Reuters had pointed to a reading of 17.0.
“The hope for a swift improvement in the economic situation
is visibly fading,” said ZEW president Achim Wambach.
The assessment of the economic situation in Germany has also continued to worsen, with the indicator falling to minus 84.5 from minus 77.3, its lowest since May 2020.
(Reporting by Rachel More, Miranda Murray and Maria Martinez, Editing by Friederike Heine)
