Uncertainty about the vote's consequences for the German economy is largely responsible for the substantial decline in economic sentiment," said ZEW president Achim Wambach. The sub-index measuring financial market players' view of the current economic situation in Germany decreased by 4.7 points to 49.8 points in July, ZEW said. FRANKFURT - Investor confidence in Germany plummeted in July to its lowest level in nearly four years on concerns about the fallout for Europe's biggest economy from the British vote to quit the European Union, a leading survey showed on Tuesday. The German investor confidence index calculated by the ZEW economic institute plunged by a bigger-than-expected 26 points to minus 6.8 points in July, its lowest level since November 2012The investor confidence index calculated by the ZEW economic institute plunged by a bigger-than-expected 26 points to minus 6.8 points in July, its lowest level since November 2012, the think tank said in a statement. In a seismic vote on June 23, 52 percent of Britons voted to leave the EU.

Source: Bangkok Post July 19, 2016 09:22 UTC