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.