trending Market Intelligence /marketintelligence/en/news-insights/trending/9wyab7lekpwemdmi9skyka2 content esgSubNav
In This List

German economic outlook worsens in March: ZEW survey


Banking Essentials Newsletter: 7th February Edition


Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

German economic outlook worsens in March: ZEW survey

Economic sentiment in Germany declined sharply in March amid concerns over a U.S.-led global trade conflict and appreciation of euro, the Center for European Economic Research, or ZEW, said.

ZEW's indicator of economic sentiment fell 12.7 points from February to 5.1 and was well below the long-term average of 23.6. The percentage of experts who expect the country's economy to decline over the next six months rose 7.2 points to 12.9%. The measure of assessments of the current situation decreased 1.6 points to 90.7 points in March.

"Concerns over a US-led global trade conflict have made the experts more cautious in their prognoses. The strong euro is also hampering the economic outlook for Germany, a nation reliant on exports," ZEW President Achim Wambach said.

The economic sentiment indicator for the eurozone dropped by 15.9 points to 13.4. The assessment of the region's current economic situation decreased by 1.5 points to 56.2.