Economic sentiment in Germany continues to improve in March: ZEW

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BERLIN, March 16 (Xinhua) -- Economic sentiment in Germany continued to improve in March, according to the monthly expert survey published by the Leibniz Center for European Economic Research (ZEW) on Tuesday.

The ZEW index rose 5.4 points compared to the previous month and reached 76.6 points. Since December last year, the economic sentiment indicator in Germany has risen by more than 20 points, according to the ZEW.

"Economic optimism continues to rise. Experts expect a broad-based recovery of the German economy," said ZEW President Achim Wambach in a statement.

The assessment of the economic situation in Germany also improved by 6.2 points compared to the previous month to minus 61.0 points in March, according to the ZEW. Since December 2020, however, the assessment of the current situation has improved only slightly.

The expectations of the 190-odd financial market experts for the eurozone also increased in March to 74.0 points, according to the ZEW. However, the index for the current economic situation in the eurozone remained steady at minus 69.8 points.

Inflation expectations for the eurozone rose 8.8 points, bringing the indicator to 80.6 points. For Germany, the inflation indicator increased by 7.5 points to 81.0 points.

"More than 80 percent of the experts expect the inflation rate both in the eurozone and in Germany to rise in the next six months," the ZEW noted. Enditem

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