German April ZEW index falls more than forecast

FRANKFURT (MarketWatch)
The ZEW German economic sentiment indicator -- a gauge of investor confidence -- fell more than expected in April to 36.3 from 46.5 a month earlier, the Mannheim-based Center for European Economic Research, or ZEW
The index, which measures investors' expectations for the upcoming six months, was forecast to fall to 43
The ZEW current conditions index fell to 9.2 from a March reading of 13.6
 "The decline in economic sentiment is consistent with the release of economic data that fell short of expectations," said ZEW President Clemens Fuest