German ZEW Economic Sentiment rose to 76.6 in March, up from 71.2, above expectation of 74.0. Current Situation index rose to -61, up from -67.2, above expectation of -62. Eurozone Economic Sentiment rose to 74, up from 69.6, above expectation of 72.0. Eurozone Current Situation rose 4.8 pts to -69.8. 81.0.
“Economic optimism continues to rise. Experts expect a broad-based recovery of the German economy. They anticipate that at least 70 per cent of the German population will be offered a vaccine against Covid-19 by autumn. However, a large majority also expects inflation to continue to grow, as well as higher long-term interest rates,” comments ZEW President Professor Achim Wambach.
