Economic expectations in Germany improved slightly in May, as experts are less pessimistic about the outlook for the German economy, the ZEW economic research institute said.
The economic expectations index rose to -34.3 points in May from -41 points in April, higher than estimates for 44.5 points.
Experts expect the economic outlook to continue to deteriorate, but at a slower pace than previously expected, the ZEW chairman said.
Views on the current economic situation in Germany deteriorated again, with the index falling to -36.5 points in May from -30.8 points in April. Estimates spoke of a drop in the index to -35 points.
Expectations and estimates for the economic situation continue to indicate a deterioration of the German economy in the next six months.
Source: Capital
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