German investor confidence down sharply (AP)

BERLIN - the German investor confidence fell more than expected in the wake of the political crisis in the Arab world and the devastating earthquake of the Japan, a survey showed Tuesday.

Index from the ZEW Institute measuring economic prospects to the investors for the next six months, dropped to 7.6 points for April, 14.1 the previous month. Experts were predicting a decline of about 10 for the worst, and the indicator is much less than a historical average of 26.6.

The Germany economy has propelled to come in the past, year fed initially by strong export sector, and the ZEW said that a factor in the fall of confidence is the fact that "the current expansion does not leave much room for a new improvement".

There are also "considerable risks" an increase in prices of raw materials, said ZEW President Wolfgang Franz. That could help push the European Central Bank in supplementary interest rate increases after the birth of quarter-point last week.

Despite the overall decline, Economist ING Carsten Stories noted that the assessment of investors in the current situation in Germany improved for 23 consecutive months.

Recent events in the Arab world and the Japan have generated doubts about the sustainability of the recovery of the Germany, but "so far, these doubts remain unjustified", he added.

The European Centre for economic research, or ZEW, 291 analysts questioned between March 28 and April 11 for its latest survey.

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