Eurozone Sentix Investor Confidence dropped to 16.9 in October, down from 19.6, missed expectation of 19.0. That’s the third decline in a row and the lowest level since April. Current Situation Index dropped from 30.8 to 26.3. Expectations index dropped from 9.0 to 8.0, fifth decline in a row, lowest since May 2020.
Sentix said, “Autumn revival fails to materialize for the time being”. It added, “so far, the criteria for a mere ‘mid-cycle slowdown’ have still been met. It remains crucial that the expectations do not fall below the zero line. For then a stronger slump in economic output would be expected – a trend reversal would then be in the offing.”
