German ZEW Economic Sentiment At 5-1/2 Year Low

Germany’s economic sentiment remained unchanged at a five-and-a-half-year low in May, survey data from the Mannheim-based think tank ZEW showed Tuesday. The ZEW Indicator of Economic Sentiment held steady at -8.2 in May, the lowest since November 2012. The score also matched economists’ expectations. “The effects of the relatively positive values for German exports and production in March 2018