uploads///Germany ZEW Economic Sentiment Index in March

Why Germany’s Economic Sentiment Index Has Fallen

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Nov. 20 2020, Updated 3:30 p.m. ET

Germany’s economic sentiment index in March

According to the Centre for European Economic Research (ZEW), the German ZEW economic sentiment index has fallen to 5.1 in March 2018 from 17.8 in February 2018. It missed the market expectation of 13.1.

The ZEW economic sentiment index measures economists’ confidence in the economy. Its fall in March was mainly due to a slower rise in export orders and domestic demand. Previously, we noted that Germany’s Ifo business climate index has also weakened this month. Various geopolitical issues in the Eurozone and rising uncertainty due to the imposition of US import tariffs are affecting overall economic and investment sentiment.

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Performance of major ETFs

The iShares MSCI Germany ETF (EWG), which tracks Germany’s economy, has fallen 3.4% in March 2018. The Vanguard FTSE Europe ETF (VGK), which tracks the Eurozone’s economy, has fallen 2.4%. In the next part of this series, we’ll analyze UK inflation in February 2018.

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