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German investor sentiment falls to five-month low in May: ZEW

[FRANKFURT] Investor sentiment in Germany fell to its lowest level in five months in May as weaker-than-expected growth in the first quarter weighed on confidence, a leading survey found on Tuesday.

The widely watched investor confidence index calculated by the ZEW economic institute fell by a steeper-than-expected 11.4 points to 41.9 points in May, its lowest level since December 2014, ZEW said in a statement.