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German Investor Morale Plunges to -41.0 Points in April

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German investor sentiment fell by less than anticipated in April, as a decline in inflation expectations raised optimism about the outlook for Europe’s largest economy.

Source: ZEW

DAX down -0.77%, EURUSD down -0.08%

The ZEW economic research institute stated its economic sentiment index fell to -41.0 points from -39.3 in March.

Achim Wambach, President of ZEW stated that the ZEW indicator of Economic Sentiment remains at a low level, further noting experts are concerned about the current economic situation.

Wambach further stated that the decline in inflation expectations, which cuts the prior month’s considerable increase by nearly 50%, provides some cause for hope.

An index for current conditions plunged to -30.8 from -21.4. The consensus forecast was a reading of -35.0. The ZEW data signals other weak economic reports from Germany after Russia’s invasion of Ukraine.

German business morale plunged in March as companies were concerned about soaring energy prices, driver shortages, and the stability of supply chains.

 

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