May 10, 2022 09:18 GMT
GERMANY MAY ZEW CURRENT CONDITIONS -36.5 (APR -30.8)
GERMANY MAY ECONOMIC SENTIMENT -34.3 (APR -41)
- The Germany ZEW survey saw economic sentiment increase 6.7 points to -34.3 in May. The key development since April is the continued expectation of a deterioration of the German economy, however, to a lesser degree than previously assumed.
- The current conditions index slumped a further 5.7 points in the third consecutive month of decrease following the onset of the Ukraine war.
- The enforcement of strict lockdowns in China and associated exasperation of supply chain issues generated more downwards growth pressure in May, worsening economic outlooks in manufacturing industries.
- Inflation rates are expected to ease following the ECB's hawkish shift in recent months.
Keep reading...Show less