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(CEP News) Frankfurt - Investor confidence fell to its lowest level in at least six years in March as the euro zone economy suffers its worst contraction since the Second World War, the German research firm Sentix said.
On Monday, Sentix reported that euro zone investor confidence weakened beyond expectations to a reading of -42.7 in March. Economists had expected a more modest fall in optimism to -38.0 after sentiment had improved to -36.1 in February. According to the research firm, sentiment towards the current economic situation worsened to a reading of -59.75 from -52.25 in February, while confidence towards the future fell to a reading of -23.5 after improving to -18.25 previously. "This is hardly a spring revival," Sentix said in a report. "It is critical for future economic prospects that investors see an end to further deterioration of the current situation." Written by CEP News European Staff,
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, edited by Stephen Huebl,
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