Sentiment dip hits Germany

 
Ben Southwood
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GERMAN investors’ economic sentiment dropped sharply in April, figures showed yesterday, erasing much of the gains made so far this year.

The headline Zew indicator crashed from 48.5 in March to 36.3 this month, the Zew think tank said, back closer to where it was in January, though still above any result from 2012 or 2011.

Zew president Professor Clemens Fuest said: “The surveyed financial market experts remain confident, but are less optimistic than they have been in the previous month.” The institute said the unresolved euro crisis, along with an exports dip, was behind the confidence slide.