Eurozone Sentix Investor Confidence improves to -25.2 in August vs. -24.7 expected
|The Eurozone Sentix Investor Confidence index came in at -25.2 in August from -26.4 in May vs. -24.7 expected. The index resumed its recovery but failed to ease off recession fears.
The current situation in the eurozone was up very slightly at -16.3 in August after falling to -16.5 in the previous month, which was its lowest since March 2021.
An expectations index rose to -33.8, still close to its July level, which was the lowest since December 2008.
Key takeaways
"The economic situation in the eurozone remains difficult.”
"A recession in the eurozone is still very likely.”
EUR/USD reaction
The shared currency remains unimpressed by the minor improvement in the Eurozone Sentix data. EUR/USD is modestly flat on the day, currently trading at 1.0185.
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