German ZEW Economic Sentiment Index improves to 47.1 in May from 42.9 in March
|- Germany’s ZEW Economic Sentiment Index advanced to 47.1 in May.
- EUR/USD continues to fluctuate below 1.0800 after the sentiment data.
The headline German ZEW Economic Sentiment Index improved to 47.1 in May from 42.9 in April. This reading came in above the market expectation of 46.3.
Similarly, the Current Situation Index rose to -72.3 from -79.2, surpassing analysts' estimate of -75.
The Eurozone ZEW Economic Sentiment Index arrived at 47 in May, compared to 43.9 in April and the market expectation of 46.1.
"Signs of an economic recovery are growing, bolstered by better assessments of the overall Eurozone and of China as a key export market," the ZEW Institue said in its press release. "The increased optimism is reflected in particular in the sharp rise in expectations for domestic consumption, followed by the construction and machinery sectors."
Market reaction
EUR/USD showed no immediate reaction to these data and was last seen trading little changed on the day at 1.0785.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.