MANNHEIM, Germany, April 15 German analyst and
investor sentiment fell for the fourth month in a row in April,
a leading survey showed on Tuesday, dropping more than expected
as the crisis in Ukraine continued to weigh on the outlook in
Europe's largest economy.
Mannheim-based think tank ZEW's monthly survey of economic
sentiment slid to 43.2 from 46.6 in March, missing the consensus
forecast in a Reuters poll for a drop to 45.0.
A separate gauge of current conditions however climbed to
59.5 points from 51.3 in March, overshooting the forecast for a
reading of 51.8 points.
"This very positive assessment of the economic situation
may also explain to some extent why a part of the surveyed
experts have slightly lowered their expectations for the next
six months," ZEW said in a statement. "In their view the German
economy is already growing at a considerable pace."
The index was based on a survey of 238 analysts and
investors conducted between March 31 and April 14, ZEW said.
(Reporting by Eva Taylor, Kirsti Knolle and Annika Breidthardt,
Writing by Sarah Marsh in Berlin)