German economic confidence weakened for the fourth consecutive month in September as the global chip shortage as well as short supply of construction materials weighed on profit expectations, survey results from the ZEW - Leibniz Centre for European Economic Research showed Tuesday.
The ZEW Indicator of Economic Sentiment for Germany fell more-than-expected to 26.5 in September from 40.4 in August. The expected level was 30.0.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.