Up sharply from -21.6 in January, and demonstrably stronger than Reuter’s median forecast of -12.0

ZEW says

  • Indicator rise indicates that recent slowdown in economic growth isn’t likely to last
  • Positive data from US fosters hope for more stable global business climate
  • Progress in Greek debt talks may have reduced uncertainty in euro zone
  • Good chance that German economy will experience slight uplift in H2