German economic confidence weakened in September to the lowest since late 1992 as financial market experts were more concerned about the prospect of energy shortages in the winter and its subsequent impact on the economy, a closely watched survey revealed Tuesday.
The ZEW Indicator of Economic Sentiment fell to -61.9 in September from -55.3 in August, survey results from the ZEW - Leibniz Centre for European Economic Research showed. The reading was the lowest since December 1992 and also below economists' forecast of -60.0.
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by Renju Jaya
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