ZEW index of economic sentiment in Germany continued to decline in March

ZEW index of economic sentiment in Germany amounted to 44.5 points in March compared with 45.1 points a month earlier. Despite the decline, the value index has surpassed expectations of analysts, forecast decline to 43.5 points. Note that the index decreases the sixth consecutive month, but its current level is much higher than the historical average 27.2 points.

The index of current conditions in Germany rose in March to minus 54.8 points to minus 51.9 points.

Index Eurozone ZEW economic sentiment fell for the reporting period from 40.2 points to 37.9 points in the forecast 40,1 points. The index of current conditions in the euro area improved in March by 0,8 points to minus 61.3 points.