empty
 
 

2021.05.1110:20:00UTC+00German Economic Sentiment Highest Since 2000

German economic confidence reached its highest level in more than two decades in May as the slowing down of the third COVID-19 wave made financial market experts more optimistic, survey data from the ZEW - Leibniz Centre for European Economic Research showed Tuesday.

The ZEW Indicator of Economic Sentiment rose sharply to 84.4 in May from 70.7 in April. The last time the indicator had reached a higher level was in February 2000. The score was forecast to climb to 72.0.

The current conditions index rose by 8.7 points to -40.1 in May. This was also better than the economists' forecast of -41.3.

The experts expect a significant economic upswing in the coming six months, ZEW President Achim Wambach, said. "The economic outlook for the euro area and the United States has improved considerably as well." The financial market experts' sentiment concerning the economic development of the Eurozone increased sharply in May. The corresponding index advanced 17.7 points to 84.0 points.

The indicator for the current economic situation moved up 14.1 points to -51.4 points. The outlook for economic development in the euro area has thus improved very significantly, the survey showed.

Inflation expectations for the euro area gained 2.5 points to a new value of 77.6 points in May. The vast majority of experts expect the inflation rate to increase in the coming six months.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback