It can be compared to minus 14.0 in April – then the Trump administration's customs shock lowered the hopes for a German recovery.
The upward turn was unexpectedly large. Analysts had counted on an upward turn to plus 11.3 for the Zew index in May, according to the news agency Bloomberg.
When it comes to Zew's sub-index for the view on the current situation, the index fell to minus 82.0. It can be compared to minus 81.2 in April and expectations among analysts of minus 77.0 in May.
