- Prior -32.5
- Outlook -10.7 vs -5.3 expected
- Prior 4.1
The headline may be better than estimated but is still softer than in April with the outlook also sliding back into negative territory by more than anticipated. ZEW notes that recession risks are still a concern and that the rate hikes by the ECB is posing some worries about the outlook in general i.e. tighter financial conditions.
