Investor confidence in the euro zone improved for the third consecutive month in January, reaching the highest level since June 2022, but remained in negative territory reflecting a challenging economic situation, a survey showed on Monday.
The Sentix index for the euro zone rose to -17.5 points in January from -21.0 in December, beating analysts’ expectations for a reading of -18.0.
“The January data on economic indices indicate further improvement,” Sentix managing director Patrick Hussy said in a statement.
“(But) there is virtually no change in the assessment of the current situation, with only the expectations values signaling further easing of the situation.”
The expectations index rose from -22.0 in December to -15.8, the highest level since February 2022. An index on the current situation in the euro zone also rose to -19.3 from -20.0, the biggest since August 2022 and also the third consecutive increase.
The survey of 1,228 investors was conducted between Jan. 5 and Jan. 7, Sentix said.
Source: CNN Brasil
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