Germany: Mixed ZEW data - TDS

According to analysts at TD Securities, Germany’s April ZEW survey sent mixed signals regarding the health of the economy.

Key Quotes

“The Current Situation Index falling to 5.5, its lowest level since 2014, while the Expectations Index improved back into positive territory at 3.1 for the first time in just over a year. Details show that there were no major downside moves within industries, but both the Construction and Services sectors rose sharply in the month.”