FXstreet.com (Barcelona) - The economic sentiment among the German Citizens has turned considerably brighter in March, as the ZEW index has recovered in March from February, according to the results of the latest survey published by the ZEW Institute of economic research.
The ZEW Indicator of Economic Sentiment rose by 7.5 points in march to a level of -32, from the -39.5 points posted in February, approaching thus, to the historical average of -30 points.
Financial market experts expect economic growth to recover from September 2008, as they foresee some improvement in the US economy, and the Dollar appreciation against the Euro, which should bring about some benefits to German exports.
The assessment of the current economic situation in Germany, has worsened, as the current conditions indicator dipped 1.6 points to 32.1 points.
The economic expectations for the Euro Area have improved to -35.0 points, from the -41.4 points in February. The index of the Euro Zone's current economic situation has worsened by 2.4 points to reach 19.4 points in March.