Current: ZEW Index with total schizophrenia – huge hope, catastrophic situation!

At +51.0, the ZEW Index (May; economic expectations) turned out significantly better than expected (forecast was +32.0; previous month was +28.2).

However, the sentiment of the current situation is catastrophic! It is at -93.0 (forecast was -88.0; previous month was -91.5).

So once again (as in the previous month!) total schizophrenia. Ultra bad situation and huge hope. Already in April there was a lot of hope. That hope was not really confirmed in the last month.

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