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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.