German ZEW Current Conditions (May) -77.8 vs. Exp. -77.5 (Prev. -73.7, Low. -80.0, High. -68.0)
Newsquawk Staff ·
German ZEW Current Conditions (May) -77.8 vs. Exp. -77.5 (Prev. -73.7, Low. -80.0, High. -68.0)
What it means
The German ZEW Current Conditions index for May came in at -77.8, slightly missing expectations of -77.5 and worsening from the previous reading of -73.7. This decline suggests growing pessimism among German investors regarding the economic outlook, which could influence ECB policy decisions and weigh on the euro in the near term.
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