Fiscal policy promotes improved prospects, with German investor confidence rising in March

On March 18th, Jinshi Data reported that the German Economic Research Institute ZEW stated on Tuesday that the improvement in investor confidence in Germany in March was better than expected. The economic confidence index rose from 26.0 in February to 51.6, with analysts expecting 50.3. ZEW President Achim Wambach said, “The optimism may be due to positive signals related to Germany’s future fiscal policy, such as reaching a protocol on the federal budget fiscal package of tens of billions of euros.” He added in a statement, “The prospects for the metal and steel manufacturers as well as the mechanical engineering industry have improved.”