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 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.