The economic sentiment improved further in the euro zone in March

According to the report of the European Union's Directorate-General for Economic and Financial Affairs (EcFin), the economic sentiment improved significantly in the euro zone in March. The analysis was released on Monday.

Since June 2011, the Economic Sentiment Indicator (ESI) increased higher than expected: the March value is 103.9 points, 1.6 points higher than the102.3 points of February.

Analysts expected 103.1 points. The EcFin also improved the February data from 102.1 points to 102.3 points after a revision.
The highest increase occured in Italy (2.4 points), Germany (1.8 points) and in Spain (1.7 points). (MTI)