German ZEW at a five-month low

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Source: Bloomberg
Economic sentiment in Germany declined in May to 41.9 and hit a five-month low, while a decrease to 49 from 53.3 in the prior month was expected. Investors are pessimistic after the poor data coming from the powerhouse showed a slowdown in Q1 when German GDP rose 0.3%, after the 0.7% increase in the last three months of 2014.
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