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Investor morale in the euro zone has fallen

by LLB Reporter
10th Oct 22 11:44 am

Investor morale in the euro zone has fallen the third month running, to levels that signal a deep recession.

The Sentix index for the eurozone confidence has tumbled to -38.3 points this month, from -31.8 in September, the weakest since May 2020, early in the pandemic.

Sentix’s expectations index dropped to -41.0 from -37.0, hitting its lowest value since December 2008, during the financial crisis.

Sentix Managing Director Manfred Huebner said: “At the beginning of October, the sentix economic indices signal an unchanged difficult economic situation – in Europe, but also globally. At -38.3 points, the overall Eurozone index sinks to its lowest level since May 2020.

“The ongoing uncertainties about the gas and energy situation in winter have not diminished due to the attack on the Nordstream pipelines. In addition to the economic worries, there is now also an increasing probability of an esca-lation of the military conflict in Ukraine. Globally, there is little reason for hope. Only China seems to be stabilis-ing somewhat at present.”

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