German economic confidence fell more sharply than ever before in March as the war in Ukraine and the sanctions against Russia dampens economic outlook, survey results from the ZEW - Leibniz Centre for European Economic Research showed on Tuesday.
The ZEW Indicator of Economic Sentiment declined 93.6 points to a current value of minus 39.3 points in March. This was the biggest drop in expectations since the survey began in December 1991. The reading was also well below the economists' forecast of plus 10.0.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.