finance
Germany ZEW Survey Shows Improvement in Economic Expectations
The ZEW survey for May showed economic expectations rising to -10.2 from -17.2 in April, beating forecasts of -19.5. The assessment of the current economic situation fell to -77.8 from -73.7. The figures come as analysts monitor Germany's economic performance amid broader European conditions.
May 12, 5:02 AM·1m read1 source
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Germany's ZEW survey for May recorded an improvement in economic expectations, according to data released on Tuesday. The expectations index rose to -10.2 from a revised reading of -17.2 the previous month. Economists had forecast a reading of -19.5. The survey's gauge of the current economic situation stood at -77.8 in May. That compared with -73.7 in April and an estimate of -78.0.
The expectations component has now moved higher for the second consecutive month. It remains in negative territory, indicating that respondents still view the outlook as unfavorable on balance. The current situation index declined for the first time in three months.
The reading near -78 reflects persistently weak assessments of present conditions across the German economy. The survey is based on responses from financial and economic analysts. It is closely followed as one indicator of sentiment in Europe's largest economy.
No further details on the survey's methodology or additional sub-indices were provided in the initial release.
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