Investor confidence in the German economy declined in July

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The ZEW Institute has published data on the investor and analyst confidence index in Germany for the next six months. Its value dropped this month to minus 24.5 points from the June level to minus 21.1 points. ZEW experts have noted that the index has been in the negative zone for the past three months. The forecast of economists suggested a less sharp drop - only to minus 22 points. The attitude of the participants of the survey conducted by ZEW to the current situation in the country also deteriorated. The corresponding indicator was minus 1.1 points, noting a sharp decline from the June level of 7.8 points. According to economists, it was expected to drop to 5 points. German industrial enterprises register a decline in orders, which is caused by the intensification of the Iranian conflict and continuing tension in trade relations between the United States and China. A negative factor is also the lack of progress on the Brexit issue.

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