Eurozone debt crisis hits German investor confidence

INVESTOR confidence in Germany, Europe’s largest economy, dropped to the lowest in two-and-a-half years in June as the region’s debt crisis dimmed the economic outlook.

The ZEW Centre for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to predict developments six months in advance, fell to -9 from 3.1 in May.

That’s the lowest since January, 2009. Economists expected a decline to -3, according to the median of 37 estimates in a Bloomberg News survey.