The German economic mood is on nadir

The German economic confidence index of the ZEW Economic Research Institute stagnated in May at a five and a half year low.

The Mannheim-based ZEW Institute of Economics announced on Tuesday that the economic mood index in May was minus 8.2 points, just as in April, which has been
the lowest since November 2012.

Analysts expected minus 8.2 points for May. (MTI)