The German economy is in line for a second-quarter upturn, according to Handelsblatt's early indicator of underlying trends.

Between February and March, the indicator – which provides guidance to economic performance three months down the line – rose from 0.4% to 1%, exceeding 0.5% for the first time since September.

Such findings are interpreted as showing a modest Q2 recovery that will strengthen in the second half.

The news follows last week's report by the Ifo economic institute that German business expectations are improving [WAMN: 27-Feb-02].

Data sourced from: Handelsblatt (Germany); additional content by WARC staff