German March ZEW index jumps to 22.3

FRANKFURT (MarketWatch)
A closely-watched gauge of German investor sentiment jumped sharply in March to its highest level since June 2010
The Mannheim-based Center for European Economic Research, or ZEW, said its sentiment indicator rose to 22.3 from 5.4 in February
Economists surveyed by Dow Jones Newswires had forecast a reading of 10.0
 "Currently, it seems as if the crisis in the euro zone has taken a pause for breath. In Germany, due to the good employment situation, domestic demand is likely to continue to stimulate growth Nevertheless, risks remain due to the low business activity in important European countries and the disruptions in the banking sector," said ZEW President Wolfgang Franz
 The ZEW current conditions index fell to 37.6 from 40.3 in February