German investor sentiment is at a nine-month low

The indicator fell 22.9 points to 40.4 points from 63.3 points in the previous month instead of the expected 55-56 points.
The ZEW investment sentiment index hit a 21-year high of 84.4 points in May. It has also declined three times in a row since then. The lowest value of the index was in March last year, minus 49.5 points due to disease control restrictions. (MTI)