Sharp Decline In German Investor Confidence

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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.

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About Edward Hugh

Edward 'the bonobo is a Catalan economist of British extraction. After being born, brought-up and educated in the United Kingdom, Edward subsequently settled in Barcelona where he has now lived for over 15 years. As a consequence Edward considers himself to be "Catalan by adoption". He has also to some extent been "adopted by Catalonia", since throughout the current economic crisis he has been a constant voice on TV, radio and in the press arguing in favor of the need for some kind of internal devaluation if Spain wants to stay inside the Euro. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again".