german economy slows down

German April Zew drops, mid-growth outlook weak By Emily Church
LONDON (MarketWatch) -- German business expectations dropped in April after four months of gradual improvement with the influential Zew survey declining to a 20.1 reading from 36.3 in March. Zew cited disappointing incoming orders and said it expects medium-term growth in Germany - the largest economy in the euro area - to slow. The April update was well below expectations for a decline to around 32.5 on the month, according to an AFX News poll. The euro gave back minor gains on the dollar on the data to $1.2990. The benchmark DAX-30 was last up 0.2%, off opening gains.