Eurozone Sentix Investor Confidence deteriorates to -31.8 in Sept vs. -27.5 expected
|The Eurozone Sentix Investor Confidence index came in at -31.8 in September from -25.2 in August vs. -27.5 expected. The index snapped its recovery amid mounting recession fears.
The current situation in the eurozone dropped to -31.8 points in September from -25.2 in August.
An expectations index tumbled to -37.0, which was the lowest since December 2008.
Key takeaways
“Never before in more than 20 years of history, with the exception of the financial crisis in 2008, have investors' assessments of the eurozone economy been so weak - and at the same time expectations have been so low.”
"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.”
EUR/USD reaction
The shared currency fails to show any reaction to the Eurozone Sentix data. EUR/USD is trading at 0.9911, down 0.39% on the day.
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