Shaky outlook dampens German investor sentiment

Frankfurt

GERMAN investor confidence unexpectedly fell for the first time in six months, signalling that the uncertainty induced by Greece's debt crisis may be weighing on Europe's largest economy.

The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict economic developments six months in advance, fell to 53.3 in April from 54.8 in March. Economists had forecast an increase to 55.3, according to the median of 33 estimates in a Bloomberg News survey.