- German ZEW economic sentiment hits 76.6 points in March compared to the expected 74.0.
- The current ZEW situation for Germany was -61.0 points in March compared to the -62.0 expected.
- EUR / USD is still not strengthening after the bullish ZEW numbers.
German ZEW figures for March showed that the economic sentiment index has risen sharply to 76.6 points compared to the expected 74.0 and from the 71.2 points of the previous month.
While the figure of current conditions reached -61.0 points in March, compared to -62.0 expected and the -67.2 seen previously.
Meanwhile, the ZEW economic sentiment for the eurozone for March has jumped to 74.0 from the expected 65.1 points and from 69.6 of the previous month.
Professor Achim Wambach, President of ZEW, has stated: “Economic optimism continues to rise. Experts expect a general recovery in the German economy. They anticipated that at least 70 percent of the German population will be offered a COVID-19 vaccine in the fall. “
“A large majority also expect inflation to continue to grow, as well as higher long-term interest rates.“Wambach added.
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