After a sharp decline last month, the ZEW Indicator of Economic Sentiment for Germany has moved sideways in May 2013. The indicator has gained 0.1 points compared to the previous month and is now hovering at the 36.4 points-mark. "Despite mostly positive economic data for the German economy, the ZEW Indicator remains at the level of the previous month. This may be due to the still poor economic situation in the Eurozone, that is also reflected by the recent ECB interest rate cut", says ZEW President Prof. Dr. Clemens Fuest. The assessment of the current economic situation for Germany has declined only marginally ... (full story)