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  • Germanys investor confidence dropped sharply in August to its lowest level since the end of 2011, survey data from the ZEW - Leibniz Centre for European Economic Research showed Tuesday. The ZEW Indicator of Economic Sentiment for Germany tumbled to -44.1 from -24.5 in July, reaching its lowest level since December 2011. The current conditions index of the survey fell to -13.5 from -1.1 in the previous month. The score was the lowest since May 2010. The investor confidence index for Eurozone dropped to -43.6 from -20.3 in July. The current situation measure shed 3.9 points to -14.5.

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