The Sentix Eurozone Investor sentiment collapsed in March

The euro area investor sentiment index of the Sentix Frankfurt economic research institute dropped dramatically in March as a result of the rapid global spread of the new coronavirus, and the global index predicts direct recession.

According to a survey published on the website of Sentix, the eurozone investor sentiment index dropped by 22.3 points to 17.1 points, to its lowest since 2013. The market expected a smaller-than-actual decline, minus 5.0 points, in March after 5.2 points in the previous month and 7.6 points in January.