German business sentiment decreased in May

German business sentiment decreased in May, surpassing all the expectations, and business expectations in terms of in the euro area also decreased significantly – shows the Tuesday published datas of German ZEW Economic Research Institute.

The six-month outlook business sentiment indicator decreased by 4.5 points to 3.1 points in May from the 7.6 points, that was measured in April, while analysts expected, that the indicator will decrease to 4.8 points. This was the third monthly decline in a row, the index only stoodon lower level in last November – reports ProfitLine.hu.