German analyst and investor sentiment fell for the fourth month in a row in April, a leading survey showed on Tuesday, dropping more than expected as the crisis in Ukraine continued to weigh on the outlook in Europe’s largest economy.
Mannheim-based think tank ZEW’s monthly survey of economic sentiment slid to 43.2 from 46.6 in March, missing the consensus forecast in a Reuters poll for a drop to 45.0.
A separate gauge of current conditions however climbed to 59.5 points from 51.3 in March, overshooting the forecast for a reading of 51.8 points.
“This very positive assessment of the economic situation may also explain to some extent why a part of the surveyed experts have slightly lowered their expectations for the next six months,” ZEW said in a statement. “In their view the German economy is already growing at a considerable pace.”
The index was based on a survey of 238 analysts and investors conducted between March 31 and April 14, ZEW said.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.