German ZEW Economic Sentiment prints -2.1 in May, a negative surprise

  • ZEW Economic Sentiment Index for Germany disappointed, turning back to negative territory.
  • Eurozone's ZEW numbers also dropped below zero, while Industrial Production data comes upbeat.

The German ZEW headline numbers for May showed that the Economic Sentiment Index arrived at -2.1 versus 5.0 expectations and 3.1 last. On the other hand, the sub-index current conditions figure jumped to 8.2 versus 7.5 expected and 5.5 booked previously, bettering market expectations.

ZEW President Professor Achim Wambach noted: “The decline in the ZEW Indicator of Economic Sentiment shows that the financial market experts continue to expect restrained economic growth in Germany for the next six months. The most recent escalation in the trade dispute between the USA and China again increases the uncertainty regarding German exports – a key factor for the growth of the gross domestic product.”

Meanwhile, the Eurozone ZEW Economic Sentiment for May arrived at -1.6 vs. 1.0 expected and 4.5 last.

Separately, the bloc’s industrial production was reported for the month of March, coming in at -0.3% m/m vs. -0.3% last and -0.2% previous. On an annualized basis, the figures arrived at -0.6 % vs. -0.8% estimates and -0.3% previous.

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.

Feed news

Latest Forex News

Editors’ Picks

GBP/USD advances above 1.30 after upbeat UK wage figures

GBP/USD is trading above 1.30 after UK wage figures beat expectations with 3.2% annually. The unemployment rate remained at 3.8% in November. 


EUR/USD trades around 1.11 amid upbeat German figures, trade headlines

EUR/USD is trading around 1.11 after the German ZEW Economic Sentiment beat with 26.7 points. Presidents Trump and Macron agreed not to slap tariffs on each others' countries.


Market delays the trip to the moon

The crypto markets continue to turn to a new bullish phase. This turnaround began at the beginning of the year after a consolidation phase that started in mid-2019. 

Read more

Gold retreats from 2-week tops, drifts into negative territory

Gold failed to capitalize on its early uptick to near two-week tops and dropped to fresh session lows, around the $1560 region in the last hour.

Gold News

USD/JPY: Weaker near 110.00 amid China virus fears, BOJ's status-quo

The Japanese yen retains the bid tone following the Bank of Japan's (BOJ) status-quo, keeping USD/JPY under pressure near the 110 level amid risk-off market profile. S&P 500 futures drop 0.40% while the US Treasury yields are down over 1.50%, as the sentiment is hit by the coronavirus outbreak.