For a fifth straight month, the ZEW investor economic sentiment indicator is expected to rise strongly in March, to 59.4, on the positive winds blowing in Germany. This is turn is on the back of low oil prices, a weak eu…
For a fifth straight month, the ZEW investor economic sentiment indicator is expected to rise strongly in March, to 59.4, on the positive winds blowing in Germany. This is turn is on the back of low oil prices, a weak euro and the ECB's QE announcements.
Societe Generale notes as follows on Tuesday
In March, we expect the assessment of current conditions to rise as strongly as in past months, while the improvement in expectations may show some signs of maturing.
This would bring the main index to around 1 standard deviation from the long term average and signal continued robust growth in Germany in H1.
This suggests a positive year for German growth, above potential and the highest since 2011.
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