Eurozone Sentix Investor Confidence dropped to -3.7 in February, down from -1.5 and missed expectation of -1.1. That’s the sixth decline in a row and the lowest level since November 2014. Current situation index dropped to 10.8, down from 18.0. That’s also the sixth decline in a row and lowest since December 2016. Expectations index, however, improved from -19.3 to -17.3.
Sentix noted that “the bad news for the economy in Euroland is not abating.” And, “at the current edge the growth forces seem to be weakening dangerously quickly and strongly.” The main reason for the development was likely the approaching Brexit. And, “The economy now has to deal with the contingency plans in view of the unresolved political situation. Many companies exposed to UK-EU trade are currently not aiming for growth; they would probably be satisfied with stable business in the coming months.”
