Investor confidence falls to lowest level in three years

European investor confidence dropped to the lowest level in more than three years in June as the euro region’s debt crisis weighs on the economic outlook.

An index measuring sentiment in the eurozone economy fell to minus 28.9 from minus 24.5 in May, the German-based research institute Sentix said. That’s the lowest since May 2009.

Economists had forecast a decline to minus 30, the median of eight estimates in a Bloomberg News survey shows. A gauge of expectations slipped to minus 22.5, while a measure of current conditions dropped to minus 35.