The economic sentiment indicator in Germany stood at negative 14 in April, decreasing by 65.6 points compared to the previous month's figure and coming in below expectations, the Centre for European Economic Research (ZEW) revealed in its report on Tuesday. The current situation indicator increased by 6.4 points compared to last month's reading to reach negative 81.2.
The economic sentiment index for the Eurozone fell by 58.3 points from last month, landing at minus 18.5, while the current situation indicator slipped by 5.7 points to negative 50.9.
"The erratic changes in the US trade policy are weighing heavily on expectations in Germany, which have sharply declined. It is not only the consequences the announced reciprocal tariffs may have on global trade, but also the dynamics of their changes, that have massively increased global uncertainty. The economic expectations for Germany and the Eurozone reflect this development," ZEW President Achim Wambach said.
