German economic confidence improved strongly in April to its highest level in nearly five years, as financial market experts turned optimistic though their assessment of the current situation hit a near 11-year low amid the lockdown triggered by the coronavirus, or Covid-19, pandemic.
The ZEW Indicator of Economic Sentiment advanced 77.7 points to 28.2 points in April from -49.5 in March, survey data from the ZEW - Leibniz Centre for European Economic Research showed Tuesday.
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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.