German economic confidence continued to rise in March, survey data from the ZEW – Leibniz Centre for European Economic Research showed on Tuesday.

The ZEW Indicator of Economic Sentiment rose more-than-expected to 76.6 points in March from 71.2 in February. The reading was above economists’ forecast of 74.0.

Similarly, the current economic situation index climbed 6.2 points to -61.0 in March. The expected level was -62.0.

“Economic optimism continues to rise,” ZEW President Achim Wambach said. “Experts expect a broad-based recovery of the German economy,” said Wambach.

However, a large majority also expects inflation to continue to grow, as well as higher long-term interest rates, Wambach added.

Sentiment regarding the economic development of the Eurozone also increased further in March. The corresponding index gained 4.4 points to 74.0. Likewise, the indicator for the current economic situation climbed 4.8 points to minus 69.8 points in March.

On the price front, the survey showed that inflation expectations for the Eurozone rose 8.8 points, taking the index to a new value of 80.6 points. For Germany, the inflation indicator increased by 7.5 points to 81.0 points.

According to ZEW, more than 80 percent of the experts expect the inflation rate both in the euro zone and in Germany to rise in the next six months.

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.