By Ed Frankl
German economic sentiment slumped this month as domestic political turmoil and Donald Trump's election victory present new uncertainties for the economy, according to a monthly survey published Tuesday.
The ZEW Indicator of Economic Sentiment, which tracks expectations for the next six months, fell 5.7 points on month to 7.4 in November, weaker than expectations of 13.3 from a forecast of economists polled by The Wall Street Journal.
"Economic expectations for Germany have been overshadowed by Trump's victory and the collapse of the German government coalition," ZEW President Achim Wambach said.
Write to Ed Frankl at edward.frankl@wsj.com
(END) Dow Jones Newswires
11-12-24 0525ET
