ZURICH (MaceNews) – The outlook for Germany’s economy improved in March among financial experts, according to the latest report from the Mannheim-based ZEW institute.
The index rose to 76.6 in March, beating the median of 75.0 in an Econoday survey of economic forecasts, rising 5.4 points from the February result. Since December 2020, the index is up more than 20 points, ZEW said.
The improvement in sentiment indicates economic recovery while also leading to expectations of higher inflation.
“Economic optimism continues to rise. Experts expect a broad-based recovery of the German economy. They anticipate that at least 70 per cent of the German population will be offered a vaccine against Covid-19 by autumn. However, a large majority also expects inflation to continue to grow, as well as higher long-term interest rates,” ZEW President Professor Achim Wambach said in a statement.
The inflation expectations index rose 7.5 points to 81.0 for Germany in March, and were higher for the euro-area as well, up 8.8 points to 80.6, ZEW said.
Current conditions also showed improvement, increasing 6.2 points to -61.0 and beating the Econoday median of -62.0.
The next report from ZEW will be on April 13 at 11:00am Central European time.
—
Content may appear first or exclusively on the Mace News premium service. For real-time delivery in entirety contact tony@macenews.com. Twitter headlines @macenewsmacro.