Germany's economic confidence hit its lowest since late 2011 in July, dampened by concerns about energy supply, the looming interest rate hike and the pandemic-related restrictions in China, survey results from the ZEW - Leibniz Centre for European Economic Research showed on Tuesday.
The ZEW Indicator of Economic Sentiment slumped 25.8 points to -53.8 in July, while the score was expected to fall moderately to -38.3 from -28.0 in June. A similar weak reading was last reported in December 2011.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.