The ZEW Institute's indicator of economic sentiment for Germany increased by 16.7 points in February 2013 to stands at a level of 48.2 points, increasing for a third month in a row.

The consensus estimate had been for a reading of 35.0.

"The financial market experts have made their peace with the weak fourth quarter of 2012. In their opinion the German economy faces less headwinds from the euro crisis than throughout the last months. If this situation remains unchanged during the next months, German business activity may pick up speed moderately", says ZEW President Prof. Dr. Dr. h. c. mult. Wolfgang Franz.

The assessment of the current economic situation for Germany remained almost unchanged in February. The respective indicator decreased by 1.9 points to 5.2.

Economic expectations for the Eurozone increased significantly in February. The respective indicator rose by 11.2 points to 42.4 points.

The indicator for the current economic situation in the Eurozone remained almost unchanged to stands at -75.6 points.

JM

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