German investor morale drops more than expected
German investor morale fell more than expected in October, ending a five-month winning streak as high energy prices weigh on private consumption and investment. The ZEW economic institute reported the index dropped to 28.1 points amid ongoing cost pressures.
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Germany's investor morale fell to 28.1 points in October, ending a five-month winning streak as energy costs pressure private consumption. The ZEW economic institute reported the drop on Tuesday, missing analyst expectations of 30 points. High energy prices continue to squeeze real incomes and drive up production costs across Europe's largest economy.
