German investor morale weakens in June on uncertainty over Greece

JUN 16, 20155:24 PM

[FRANKFURT] The mood among German analysts and investors in Europe's largest economy deteriorated more than expected in June as investors were unnerved by uncertainty stemming from the Greek crisis and subdued global growth.

Mannheim-based think tank ZEW said on Tuesday its monthly survey of economic sentiment fell to 31.5 points from 41.9 in May, undershooting a Reuters consensus forecast of 37.1.

A separate gauge of current conditions dropped to 62.9 points from 65.7 in May, coming in weaker than a consensus forecast for a reading of 63.0.

The index was based on a survey of 229 analysts and investors conducted between June 1 and June 15.

REUTERS