Gloominess pervades euro zone investor morale, expectations - Sentix | Inquirer Business

Gloominess pervades euro zone investor morale, expectations – Sentix

/ 04:56 PM September 05, 2022

BERLIN – Investor morale in the euro zone slumped in September to its lowest since May 2020 as the specter of a rough recession for the 19-country currency bloc seems all but unavoidable, a survey showed Monday.

Sentix’s index for the euro zone tumbled to -31.8 points in September from -25.2 in August, below expectations of analysts polled by Reuters for a reading of -27.5.

The expectations index also took a tumble to -37.0 from -33.8, hitting its lowest value since December 2008, the peak of the financial crisis after the collapse of Lehman Bank.

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The index on the current situation in the euro zone also fell, declining to -26.5 in September from -16.3 in August and hitting its lowest since February 2021.

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“Never before in more than 20 years of history, with the exception of the financial crisis in 2008, have investors’ assessments of the euro zone economy been so weak – and at the same time expectations have been so low,” Sentix Managing Director Manfred Huebner said in a statement.

He pointed out that, at the moment, there are no signs of monetary aid similar to the central bank response after the economic collapse caused by the coronavirus pandemic in 2020.

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The poll of 1,258 investors was conducted between Sept. 2 and 4, said Sentix.

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TAGS: euro zone, expectations, Investors

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