Economic sentiment has improved in Germany and in the euro area

The economic sentiment in Germany and in the euro area has improved in March for the fifth consecutive month – according to the survey conducted by the ZEW (Zentrum für Europäische Wirtschaftsforschung) Economic Research Institute.

ZEW announced on Tuesday that the economic sentiment index of the German financial analysts and institutional investors – surveyed for the next six months – rose by 9.8 points to minus 3.6 points in March. Despite this significant improvement, this value is far below the 22.2-point long-term average, but is more favorable than the minus 11.3-points expectations. (MTI)