German investor confidence falls further than expected this month

German investor confidence falls further than expected this month

YEREVAN, March 18. / ARKA /. A survey found  that German investor confidence has fallen further than expected this month on worries about the crisis in Ukraine — but Germany's economic upturn doesn't currently appear at risk, the  Zentrum fuer Europaische Wirtschaftsforschung (ZEW) institute said.

According to, the monthly confidence index slid to 46.6 points from 55.7 last month. That was worse than economists' forecast of 52 points but still well above its historical average, Prime reported.

The index measures investors' economic outlook for the next six months; ZEW says their assessment of Germany's current situation has improved.

Germany's economy is expected to grow faster this year after expanding by 0.4 percent in 2013. -0-

15:27 18.03.2014

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