Investor confidence in the German economy falls surprisingly in June. The Zew index fell to 29,8 points from 33,1 points in May, where analysts had expected an increase to 35 points. However, the index on current conditions showed a marked improvement, rising from 62,1 points to 67,7 points, against a much more modest estimated growth (62,6 points).
Clemens Fuest, president of the Zew institute, explains that "the German economy is currently in excellent condition" but "it is increasingly difficult for it to expand further". Indeed, "there are signs that growth in the second quarter will be weaker than in the first".
