The ZEW indicator of economic sentiment in Germany slipped for the fifth month in a row, the institute said on Tuesday, unveiling the latest in a string of indicators showing supply bottlenecks holding back recovery in Europe's largest economy.
Investor sentiment in Germany deteriorated for the third month in a row in August on fears that rising COVID-19 infections and a fourth wave of coronavirus cases could hold back the recovery in Europe's largest economy, a survey showed on Tuesday.
But survey does not reflect AstraZeneca vaccine suspension Economists say any new restrictions would delay recovery (Adds economist comment, background)
BERLIN, March 16 (Reuters) - Investor sentiment in Germany increased by more than expected in March, the ZEW economic research institute said on Tuesday, buoying the outlook for a broad-based recovery in Europe’s largest economy.
The ZEW said its survey of investors’ economic sentiment rose to 76.6 points from 71.2 the previous month. A Reuters poll had forecast a rise to 74.0.
ZEW polled 189 analysts in the period March 8–15 for its survey. On March 15, Monday, Germany said it had suspended use of AstraZeneca’s COVID-19 vaccine.