July economic sentiment ZEW Germany at least 4 years – Investing.com Spain

Investing.com – The German economic sentiment deteriorated in July to register its lowest level since November 2012, as the unexpected Brexit shook business confidence, according to industry data recorded on Tuesday ..

According to a report by the ZEW Center for Economic Research, the rate on this month fell 26.0 points to a reading of -6.8%, compared with 19.2 recorded in March. Analysts had expected the index to descend 10.2 points in July to 9.0.

In contrast the unexpectedly fell this month to 49.8 points from 54.5 in June and against the expectations that pointed to a reading of 51.8 points.

Meanwhile, the index fell to 14.7 points over in July, its lowest level since August 2012, compared to the 20.2 points recorded the previous month, despite forecasts that pointed to a reading of 12.3.

in this index, levels above 0.0 indicates optimism, while below 0.0 indicate pessimism.

the pair stood at 1.1062 versus 1.1069 level where it is found before the publication of these data, while reached the level of 0.8393 versus 0, 8390 that was found above.

Meanwhile, European stock markets remained lower. The Germany fell 1.2%, the has fallen by 1.2%, that of France lost 0.95%, while London has been left 0.45%,

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