ZEW economic sentiment declined significantly in May…

Tuesday, 15 May 2012 03:05

Economic sentiment presented by ZEW Centre for Economic Research in euro area decreased from 13.1 in April to -2.4 in May. Reading below zero indicates market pessimism.
Meanwhile analyst expected index at 11.7 points.
For the biggest European economy-Germany ZEW economic sentiment also declined unexpectedly to 10.8 from 23.4 reported previously.
Euro was traded at 1.2851 against USD after data release.