Investing.com - Morale among German investors deteriorated slightly in July, according to survey data released on Tuesday.

The ZEW research institute said its monthly survey showed its economic sentiment index fell to 17.5 from 18.6 points in the previous month.

Economists had forecast a reading of 18.0.

A separate gauge measuring investors' assessment of the economy's current conditions ticked down to 86.4 points from 88.0 in June, compared to forecasts for an unchanged reading.

In contrast, the indicator for the current economic situation in the euro zone rose strongly, rising to 28.7 points, 8.2 points higher than in June.

“Our overall assessment of the economic development in Germany remains unchanged compared to the previous month. The outlook for the German economic growth in the coming six months continues to be positive. This is now also reflected in the survey results for the eurozone,” ZEW President Professor Achim Wambach said.

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