German economic confidence unexpectedly improved in May as financial experts anticipate an end to the Iran war, survey results from the Mannheim-based Centre for European Economic Research, or ZEW, showed Tuesday.
The ZEW indicator of economic sentiment rose to -10.2 in May from -17.2 in the previous month. The score was forecast to fall to -19.1. However, the index has remained negative for the third straight month.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.