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Guardian Stockbrokers Key Economic News Tuesday 26 May 2020

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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German GDP fell in 1Q 2020

In Germany, the seasonally adjusted final gross domestic product (GDP) recorded a drop of 2.20% on a QoQ basis in 1Q 2020, compared with a revised fall of 0.10% in prior quarter. Markets were expecting GDP to record a drop of 2.20%.

German business climate index advanced in May

In Germany, the business climate index advanced to a level of 79.50 in May, compared to a revised reading of 74.20 in the prior month. Market expectations were for the business climate index to rise to 78.80.

German current assessment index unexpectedly fell in May

In Germany, the current assessment index recorded an unexpected drop to a reading of 78.90 in May, compared to a revised level of 79.40 in the prior month. Markets were expecting the current assessment index to record an advance to 81.90.

German business expectations index climbed in May

In Germany, the business expectations index climbed to a level of 80.10 in May, compared to a level of 69.40 in the previous month. Market anticipations were for the business expectations index to rise to a level of 75.00.

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