German Investor Sentiment Improved on Expectations For a Broad-Based Recovery

ZEW Economic Research Institute said investor sentiment in Germany improved more than expected in March thanks to expectations of a broad-based economic recovery in Europe’s largest economy.

The institute said that its economic sentiment survey for investors rose to 76.6 points from 71.2 in the previous month. A Reuters poll had expected it to rise to 74.0.

This survey included the Institute of 189 analysts from the eighth to the fifteenth of March. On Monday, Germany said it had suspended the use of the AstraZeneca vaccine to prevent COVID-19.

A separate gauge of current conditions rose to -61.0 from -67.02 in the previous month, compared to expectations of -62.0 blisters.