German economic confidence reached its highest level in more than two decades in May as the slowing down of the third COVID-19 wave made financial market experts more optimistic, survey data from the ZEW - Leibniz Centre for European Economic Research showed Tuesday.
The ZEW Indicator of Economic Sentiment rose sharply to 84.4 in May from 70.7 in April. The last time the indicator had reached a higher level was in February 2000. The score was forecast to climb to 72.0.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.