Eurozone Investor Confidence Lowest In Over 4 Years
04 Febrero 2019 - 12:46AM
RTTF2
Eurozone investor confidence weakened for a sixth straight month
in February to its lowest level in over four years, as the
assessment of the current economic situation worsened further,
while the pessimism regarding the outlook lessened, survey data
from Sentix showed on Monday.
The investor confidence index for the euro area dropped to -3.7
from -1.5 in January, the Frankfurt-based behavioral research
institute showed on Monday. The latest reading was the lowest since
November 2014. Economists had forecast an improvement to -1.3.
The current conditions index fell to 10.8 from 18, marking the
weakest score since December 2016. The measure declined for a sixth
month in a row. The expectations index rose to a three-month high
of -17.3 from -19.3.
While the indexes may improve slightly, there was not enough to
proclaim a turnaround, Sentix said.
Germany's investor confidence index fell for the fourth
consecutive month to 3.1, which was the lowest level since August
2012.
"A major reason for this development is likely to lie more and
more in the approaching Brexit," Sentix said. "The economy now has
to deal with the contingency plans in view of the unresolved
political situation."
In January, the closely-watched Ifo German business confidence
index fell for a fifth successive month to its lowest level in
nearly three years as firms grew more worried about the impact of a
chaotic no-deal Brexit and further escalation of the global trade
tensions.
Several companies exposed to UK-EU trade are currently not
aiming for growth, but only for stability in the coming months, the
think tank noted. For the second half of the year, the majority of
investors have not yet assumed that the Eurozone economy will slide
into recession, Sentix added.
Investors are now looking for some easing measures from central
banks, Sentix said.
The Sentix report also showed that investor confidence improved
in the US, Japan as well as globally.
The latest Sentix survey was conducted between January 31 and
February 2 among 1,004 investors, of which 274 were
institutions.
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