Eurozone investor confidence dropped sharply in September to its lowest level since the start of the year, driven by the weakness in Asia amid the Chinese economic slowdown, survey figures from the think tank Sentix revealed Monday.
The investor confidence index dropped to 13.6 from 18.4 in August. Economists had expected the measure to fall to 16.1. That was the lowest reading since February.
The current conditions index of the survey fell to 15 from 15.3. The expectations index tumbled to 12.3 percent from 21.5, marking its lowest reading since December 2014.
The sentiment index for Germany declined to 20.6 from 25.7 and logged its weakest reading since the end of last year. Expectations were also the lowest since December.
The economic sentiment index for Asia excluding Japan plunged to -4.3 from 6.1 in the previous month. The reading was the lowest since May 2009.
The investor confidence measure for Latin America also tumbled in September, falling to -25.7 from -18.9. It was the lowest reading since March 2009. The current conditions index for the regions dropped to a record low and the expectations measure was the weakest since October 2011.
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