Euro area investor confidence dropped sharply in June, led by the "problem-child" Germany that already entered a technical recession in the first quarter, as fears of a severe economic downturn intensified, results of the latest survey by the behavioral research institute Sentix showed Monday.
The Sentix investor confidence index weakened for a second month in a row and dropped to -17.0 from -13.1 in May, the monthly survey from Sentix showed. Economists had forecast a score of -15.2.
The current situation index of the survey plunged to -15.8 from -7.0. The measure declined for a second straight month.
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by Jyotsna V
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