Business News Asia
German research firm Sentix said its index of investor confidence in the eurozone fell in March amid pressure from the conflict between Russia and Ukraine, including its impact on the global economy.
The investor confidence index fell to -7.0 in March from 16.6 in February, its lowest level since November 2020.
The eurozone economy has been hit hard by the Ukraine crisis. The sentiment index is based on a survey of 1,216 investors in the period from March 3 to 5.
In addition, German factory orders rose more strongly than expected in January, driven by international demand.
According to the Federal Statistical Office today, new orders in German industry rose by a seasonally adjusted 1.8% in January, following a 3.0% increase in December due to strong foreign demand.
“The increase of new orders in manufacturing is mainly due to orders abroad: foreign orders increased by 9.4% in January 2022 on the previous month. New orders from the non-euro area rose by 17.0%. New orders from the euro area fell by 2.6%. Domestic orders registered a decrease of 8.3% on the previous month.”German Federal Statistical Office (Destatis)