Germany’s ZEW Economic Sentiment almost unchanged

The major economic sentiment indicator for Germany, announced earlier today, has remained at levels, slightly higher during May, compared to the previous month. ZEW Sentiment has increased hardly by 0.1 points to 36.4. This news comes as a surprise, as the economic data for Germany, released today, showed some positivity.

It became clear, that the inflation in Germany has remained stable with the Final Consumer Price Index at 1.2% on an yearly basis, right in accordance with estimations and on the other hand, the Harmonized Consumer Price Index also met the estimated value of 1.1% yearly. ZEW Economic Sentiment indicator reflects the weak economic situation in the Eurozone, which was confirmed by the course of European Central Bank policy of reducing the base interest rate at the last meeting of directors. Another indicator, surveying the current situation in Germany (ZEW Current Situation) has decreased during May by 0.3 points to reach 8.9.

Earlier today ZEW (Zentrum für Europäische Wirtschaftsforschung) announced that the Economic Sentiment indicator for the Eurozone rose by a bit less than 3 points during May to reach 26.7. The estimated value was 27.3. Additionally, the ZEW Current Situation indicator, based on research with the participation of 350 financial experts, remained at the level of -76.8 during May, slightly worse than the value during the previous month, -76.0.