The ZEW Indicator of Economic Sentiment for Germany has increased by 0.3 points in March 2013. The indicator now stands nearly unchanged at a level of 48.5 points. Hence, after three substantial increases between December 2012 and February 2013, the indicator has stabilized in March at a respectable level.
The political situation in Italy and the rescue package for Cyprus have increased the risk that the Eurozone debt crisis will worsen again. This may have contributed to the fact that the indicator has not increased substantially this month.
“The financial market experts stick to their forecast: the economic situation in Germany is likely to improve over the next months. As before, the Eurozone debt crisis remains the biggest risk. This fact has been brought back to our attention over the last weeks”, says ZEW President Prof. Dr. Clemens Fuest.
Click here to read the full ZEW Press Release
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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