German analyst and investor sentiment fell for the first time in three months to hit its lowest level since July, a leading survey showed today.
The Mannheim-based ZEW economic think tank's monthly poll of economic sentiment fell to 56.0 from 57.7 in September. The euro pared gains against the dollar and Bund futures reached a session high after the weaker-than-expected data.
The index was based on a survey of 288 analysts and investors and conducted between September 28th and October 12th.
The consensus forecast in a Reuters poll of analysts last week was for a rise to 58.3.
A separate gauge of current conditions rose to -72.2 from -74.0. A reading of -69.0 had been forecast.
Reuters