Eurozone Sentix Investor Confidence rose to 7.6 in January, up form 0.7, above expectation of 3.0. That’s also the third consecutive rise, and the highest level since November 2018. Current Situation Index rose from -1.0 to 5.5, third increase in a row, highest since June 2019. Expectations Index rose from 2.5 to 9.8, also the third increase in a row, highest since February 2018.
Sentix said: “This development is remarkable in two respects. For one thing, investors are once again making advance concessions to the ‘hard’ data. The manufacturing sector in particular is not yet showing any convincing signs of an upswing, at best signs of stabilization.”
