- 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.