- Sentix investor confidence falls to -21.5 in September, the second weakest score so far this year after plunging in July to -22.5.
- The indicator for Germany plunges to -33.1, its lowest level in eleven months.
He investor confidence index published by Sentix has shown a fall of 2.6 points in September, standing at -21.5 from -18.9 in August, its lowest level in two months.
The indicator’s present situation index has dipped to -22, its lowest level since November 2022.
The situation in Germany weighs on confidence
According to the Sentix statement, the signals for the global economy sent by the indicator point to a new slowdown and a strengthening of the forces of the economic slowdown.
The situation in Germany remains particularly precarious. Here we are measuring the weakest current situation values since July 2020, when the economy slowed down due to the first covid lockdown. Germany is also weighing heavily on the euro area economy as a whole. The recession advances, since we measure the fifth consecutive fall of the general index, reaching -33.1 pointsits lowest level since October 2022.
Internationally, we measure a significant deterioration in the United States. In Switzerland, the economy continues to decline and we are close to the threshold of recession. The only bright spot remains the Japanese economy, which is relatively benefiting from easy interest rate policy and associated yen weakness.
EUR/USD remains bearish this Monday, not far from the 10-day lows reached at the Asian open around 1.0771. At time of writing, the pair is trading above 1.0795, gaining 0.18% on the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.