German economic sentiment deteriorated unexpectedly in April amid the third wave of infections, survey results from the ZEW - Leibniz Centre for European Economic Research showed on Tuesday.
The ZEW Indicator of Economic Sentiment fell 5.9 points to 70.7 points from 76.6 in March, while the score was forecast to climb to 79.0. This was the first time that the indicator has experienced a drop since November 2020.
However, expectations are still at a very high level, the agency said.
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