German economic expectations fall again

By Jana Weigand

Date: Tuesday 16 Mar 2010

The ZEW Indicator of Economic Sentiment for Germany declined for the sixth straight month in March.

The indicator now stands at 44.5 points compared with 45.1 points in the previous month, the think tank said on Tuesday.

"German business activity has moved from the intensive care unit to the rehab. But it is still far from full recovery," said ZEW President Wolfgang Franz.

The assessment of the current economic situation in Germany improved slightly in March. The corresponding indicator rose by 2.9 points to minus 51.9 points.

Economic expectations for the euro zone dropped by 2.3 points, the respective indicator now stands at 37.9 points. The indicator for the current economic situation in the euro zone improved by 0.8 points and now stands at minus 61.3 points.

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