Investor sentiment in the euro area is on a more than seven-year low

In August, the German and Eurozone Economic sentiment index of the Mannheim-based ZEW Economic Research Institute fell to a 7.5-year low – according to a survey released on Tuesday.

ZEW’s economic sentiment index in Germany, measuring investor sentiment, decreased by 19.6 points in August to 44.1 points, compared to the previous month, the lowest since December 2011.

The actual value of the indicator turned out to be much worse than the market expectation of minus 28.5 points. (MTI)