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“.
“(Expectations) remain positive, indicating that the road to economic recovery has not yet been abandoned“, has added.
About Eurozone Sentix Investor Confidence
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.
Credits: Forex Street