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Economic Confidence Steady in Germany
Germany’s financial community remains confident about the country’s economic outlook. But political worries slowed growth in a closely watched index that tracks the sentiment.
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Germany’s financial community remains confident about the country’s economic outlook. But political worries slowed growth in a closely watched index that tracks the sentiment.
The ZEW Indicator of Economic Sentiment gained only 2.4 points in March, rising to 12.8. The index’s overall average is 23.9.
ZEW (the Centre for European Economic Research in Mannheim) says the slower growth in its index reflects mixed economic signals earlier this year for the German economy. Uncertainty also remains “relatively high” over potential political risks resulting from elections in Germany and several other European Union member countries later this year.
But financial experts grew more bullish about the eurozone this month. ZEW says its indicator for that sentiment rose 8.5 points to 25.6.
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