German ZEW Economic Sentiment Index slumps to -39.3 in March

The German ZEW headline numbers for March showed that the Economic Sentiment Index deteriorated sharply amid the Russia-Ukraine war, coming in at -39.3 from 54.3 previous while missing estimates of 10.0 by a wide margin.

The Eurozone ZEW Economic Sentiment Index tumbled to -38.7 the current month as compared to the 48.6 previous reading.