German economic confidence deteriorated for the fifth consecutive month to hit the lowest since March 2020 amid supply bottleneck and higher input prices, survey results from the ZEW - Leibniz Centre for European Economic Research showed on Tuesday. The ZEW Indicator of Economic Sentiment dropped to 22.3 in October from 26.5 in September. The reading was below the economists' forecast of 24.0 and was the lowest since March 2020, when the score was -49.5.
The indicator for the current economic situation declined 10.3 points to 21.6 in October. This was the first time that the indicator has recorded a decline after its continuous increase between February and September 2021.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.