The outlook for the German economy looks slightly gloomier, according to German investors and analysts. The Zew index, a monthly survey, falls to 41.8 in July.
The level can be compared to 47.5 in June. But analysts had on average expected the Zew index to fall even more, to 41.0, according to Bloomberg's compilation of forecasts.
The economic institute Zew regularly asks German investors and analysts about their view on the economy in the present and for the next six months.
Regarding the present, this sub-index from Zew rose to minus 68.9, up from minus 73.8 in June. Analysts had expected a decline to minus 74.8 in July.
