Investor sentiment in Germany fell to its lowest level in eight months in July, but the outlook for Europe`s biggest economy remains positive, a leading survey found on Tuesday.
The widely watched investor confidence index calculated by the ZEW economic institute slipped by just 1.8 points to 29.7 points in July, its lowest level since November 2014, ZEW said in a statement.
Analysts had been expecting a slightly steeper decline this month to 29.0 points.
"Neither the difficulties in dealing with the Greek sovereign debt crisis nor the turmoil on Chinese financial markets seem to impress the financial market experts strongly," said ZEW president Clemens Fuest.
"Despite the slight decline of the indicator, the overall economic outlook for Germany remains positive," he said.
For the survey, ZEW questions analysts and institutional investors about their current assessment of the economic situation in Germany, as well as their expectations for the coming months.
The sub-index measuring financial market players` view of the current economic situation in Germany actually beat analysts` expectations by rising by 1.0 point to 63.9 points in July, ZEW said.
