Eurozone Sentix Investor Confidence improved to -2.7 in December, up from -10.0, much better than expectation of -11.9. That’s also the highest level since February. Current situation rose from -32.3 to -30.3, highest since March. Expectation index jumped from 15.3 to 29.3, highest since April, 2015.
Sentix noted: “The Corona crisis year 2020 will end with a bang, which will set several exclamation marks for the global economy. In our December results, we have a series of all-time highs (!) in the expectation components of various world economic regions. Hopes for an early use of vaccines are fuelling the fantasy that the economy in 2021 will recover more clearly than previously expected from the consensus.”
- Germany’s overall index rose from 1.3 to 6.9, highest since May 2019. Current situation rose slightly from -17.5 to -17.3, highest since March. Expectations rose from 22.0 to 34.3, an all time high.
- US overall index rose from 4.8 to 9.1, highest since February. Current situation dropped from -10.5 to -11.8. Expectations rose from 21.3 to 32.3, an all time high.
- Japan overall index rose from 6.1 to 14.5, highest since October 2018. Current situation rose from -8.3 to -2.3, highest since Feb. Expectations rose from 31.5 to 32.8, an all time high.
