NTC research is reporting that investor confidence declined sharply in Germany in September. The research - by think tank ZEW - was carried out between September 5 and Monday at 1500 GMT. So the reading is weighted to pre-election (but post Merkel slump) answers:
German investor confidence fell in September due in major part to uncertainty about the country’s future economic policies, a survey by the ZEW economic think tank showed on Tuesday.
ZEW’s expectations indicator, based on a poll of 309 analysts and institutional investors, fell to 38.6, from 50.0 in August.
”An essential reason for the declining indicator is that uncertainty about the future economic policy may affect the investment climate and puts the economic upswing at risk, ” ZEW said in a statement.
Feed: A Fistful of Euros