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German investor confidence posts second monthly fall

Nov 10, 2009, 9:28 GMT

Berlin - German investor confidence fell for the second month in a row in November, a key indicator released Tuesday showed. The Mannheim-based Centre for European Economic Research's (ZEW) index measuring the mood among analysts and institutional investors slipped more-than-forecast to 51.1 points this month. This was despite the release of a round fresh data showing Europe's biggest economy on a recovery path. Analysts had expected the ZEW index, which is based on a survey of about 300 analysts, to drop to 54 points in October after it declined to 56.0 points in October. The two consecutively monthly falls came in the wake of the index climbing to a more-than three-year high of 57.7 points in September.

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