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Economy And The Numbers

Eurozone Sentix Investor Confidence Strongest In 7 Months On Hopes Of Mild Recession

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Eurozone investor confidence rose to its highest level in seven months in January as investors anticipate a recession that is less severe than estimated previously, a survey by the behavioral research institute Sentix showed Monday.

The investor sentiment index advanced to -17.5 in January from -21.0 in December, survey data from Sentix showed. This was the highest score since June 2022 and also better than economists' forecast of -18.0.

Assessment of the current situation as well as expectations strengthened for the third month in a row, but both sub components remained deep in the negative territory.

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