Investor confidence falls more than expected in Germany

Investor confidence in Germany fell more than expected in March due to uncertainty in the financial markets.

The European Center for Economic Research (ZEW), based in Mannheim, Germany, announced the March results of the ZEW Economic Confidence Index, which measures the expectations of institutional investors and analysts for the next 6 months.

Consequently, the index decreased 15.1 points in March compared to the previous month. Thus, the index, which was at 28.1 points in February, fell to 13 points this month. The market expectation was that the index would reach 17.1 points in March.

The Current Situation Index in Germany, on the other hand, decreased 1.4 points to minus 46.5 points in March compared to the previous month.

HIGH UNCERTAINTY WAS EFFECTIVE

ZEW Chairman Prof. Dr. In his assessment on the subject, Achim Wambach stated that international financial markets are under pressure from the crisis in the banking sector, saying that “banks’ profitability expectations have deteriorated significantly. This uncertainty, which is currently at a high level, is also reflected in the EW Economic Confidence Index. (AA)