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German investor morale unexpectedly falls in June

Published 06/13/2017, 05:31 AM
Updated 06/13/2017, 05:40 AM
© Reuters. FILE PHOTO: The famous skyline with its banking district is pictured in early evening next to the Main River in Frankfurt

BERLIN (Reuters) - The mood among German investors worsened slightly in June, a survey showed on Tuesday, but their assessment of the German economy's current condition improved mainly due to healthier growth in the European Union.

The Mannheim-based ZEW research institute said its monthly survey showed its economic sentiment index fell to 18.6 from 20.6 in May. The Reuters consensus forecast was for a rise to 21.5.

A separate gauge measuring investors' assessment of the economy's current conditions rose to 88.0 from 83.9 last month. This compared with the Reuters consensus forecast which predicted a reading of 85.0.

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