Investor sentiment in the Eurozone improved less than expected in August

By: Trademagazin Date: 2022. 08. 08. 12:25

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The Sentix economic research institute’s August euro zone investor sentiment index improved less than expected: the professionals interviewed proved to be less pessimistic about the expected developments, but the degree of improvement fell short of expectations.

Sentix’s investor confidence index improved from minus 26.4 points in July to minus 25.2 points instead of the expected minus 24.7 points. The July figure was the lowest in more than two years.

Both components contributed to the index’s current value with some improvement, but the perception of the outlook improved to a greater extent than the perception of the current situation. The value of the indicator quantifying the assessment of the current situation improved to minus 16.3 points from minus 16.5 points, and the value quantifying the assessment of the outlook improved to minus 33.8 points from minus 35.8 points.

“The economic situation in the euro area remains difficult,” Manfred Huebner, managing director of Sentix, summarized the findings of the survey. Due to weak consumer confidence, high inflation and rising energy prices, “a recession remains very likely in the euro area”

– he pointed out.

The Sentix investor confidence index quantifies the six-month economic outlook of the Eurozone based on the subjective impressions of around 2,800 investors and analysts, as part of a regular monthly survey. A value above zero indicates optimism, a value below zero indicates pessimism.

MTI