German Investor Sentiment Falls

A survey showed that investor sentiment in Germany fell for the fourth consecutive month in September, with investors expecting a scarcity of raw materials and a shortage of chips to slow the recovery in Europe’s largest economy.

The ZEW Institute for Economic Research said its survey of investor sentiment fell to 26.5 from 40.4 in August. A Reuters poll had forecast a decline to 30.0.

The institute’s separate measure of current conditions rose to 31.9 from 29.3 in August, compared with a median forecast of 34.0 points.