Sentix Investor Confidence for November Beats Estimates, Hitting -10.0 Points

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Investor confidence in the euro zone deteriorated less than expected in November, the latest data published by the Sentix research group showed on Monday.

  • The indicator reached -10.0 points in November, from -8.3 in October and above the -15.0 expected.
  • The current situation index fell to -32.3 from -32.0 the previous month.
  • The expectations index reached 15.3 points from 18.8, reaching its lowest level since May.

Manfred Huebner, Managing Director of Sentix, said: “New blockades in many EU countries have less impact than feared“.

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(Expectations) remain positive, indicating that the road to economic recovery has not yet been abandoned“, has added.

About Eurozone Sentix Investor Confidence

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This report, published by Sentix GmbH, reflects the trend of investor confidence in the European Union economy. An increase in the number of investments is perceived as a positive outlook for the Euro Zone economy and in turn is bullish for the currency. In contrast, a decline in investments is negative for the economy and bearish for the euro.

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Credits: Forex Street

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