German investor sentiment fell in December to its lowest level in nearly 15 years amid fears about the US economy and turmoil on financial markets.
The ZEW research institute said today its economic sentiment indicator, based on a survey of 284 analysts and institutional investors, fell to -37.2 this month, the lowest since January 1993, from -32.5 in November.
A separate gauge of current conditions for Germany fell to 63.5 points this month from 70 in November. The consensus was for a reading of 68.
A measure of expectations for the euro region declined to -35.7 from -30 in November, the ZEW said. The survey was conducted between November 26th and December 10th.