The ZEW Center for European Economic Research released its economic sentiment index for Germany and the Eurozone on Tuesday. Germany's ZEW economic sentiment index increased to 4.3 in March from 1.0 in February, missing expectations for a rise to 5.0.
The assessment of the current situation in Germany declined by 1.6 points to 50.7 points.
"The uncertainty associated with the future economic development of important emerging economies, with the development of the oil price and with the external value of the euro continues to call for caution. Apparently, the renewed move of the ECB to considerably ease its monetary policy has not had a substantial effect on economic sentiment," head of the "International Finance and Financial Management" Research Department at ZEW, Sascha Steffen, said.
Eurozone's ZEW economic sentiment index dropped to 10.6 in March from 13.6 in February, beating expectations for a decline to 8.2.
The assessment of the current situation in the Eurozone fell by 3.8 points to -11.8 points.