Eurozone Sentix investor sentiment sank in the third month of 2022, according to the latest data released by the group Sentix on Monday.
The indicator fell sharply to -7 in March from 16.6 points in February, worsening the expected result of 5.3. The index reached its lowest level since November 2020.
The current conditions index fell to 7.8 in March from 19.3 in February.
The expectations index plummeted to -20.8 in March from 14.0 in February, the lowest reading in nearly a decade and the biggest drop in the 20-year history of the Sentix index.
The Sentix CEO Patrick Hussysaid, “The Eurozone economy is being dramatically hit by the Ukraine crisis“, adding that “the Eastern European region is particularly suffering.”
“The US economy is also being hit by the crisis, although not as hard,” he said.
The shared currency is still in the hands of the bears after the dismal data from Sentix. The EUR/USD is losing 0.56% on the day, currently trading at 1.0863.
Source: Fx Street