Poor Q1 growth deflates German investor sentiment

Frankfurt

INVESTOR sentiment in Germany is at its lowest level in five months after weaker-than-expected growth in the first quarter begins to deflate exaggerated expectations for Europe's biggest economy, data showed on Tuesday.

After already slipping last month, the widely watched investor confidence index calculated by the ZEW economic institute fell by a steeper-than-expected 11.4 points to 41.9 points in May, ZEW said.