Economic Buzz: German ZEW Investor Confidence Worsens To Lowest Level Since Dec 2011

Germanys investor confidence dropped sharply in August to its lowest level since the end of 2011, survey data from the ZEW – Leibniz Centre for European Economic Research showed Tuesday. The ZEW Indicator of Economic Sentiment for Germany tumbled to -44.1 from -24.5 in July, reaching its lowest level since December 2011. The current conditions index of the survey fell to -13.5 from -1.1 in the previous month. The score was the lowest since May 2010. The investor confidence index for Eurozone dropped to -43.6 from -20.3 in July. The current situation measure shed 3.9 points to -14.5.