Mon, Nov 30, 2020 @ 20:59 GMT
Home Live Comments Eurozone Sentix confidence rose to 0.7, spectre of recession dispelled

Eurozone Sentix confidence rose to 0.7, spectre of recession dispelled

Eurozone Sentix Investor Confidence rose to 0.7 in December, up from -4.5 an beat expectation of -5.4. That’s the highest level since May this year. Current Situation Index rose from -5.5 to -5.0, highest since July. Expectations Index rose from -3.5 to 2.5, highest since March 2018.

Sentix said, “the second improvement in a row may be taken as an indication that the spectre of recession has been dispelled in the Euro zone”. And, more and more investors are convinced that “the worst is over” for the economy. Investors are pinning their hops on an “increase in government spending on government investment.

For Germany, the overall Investor Confidence Index rose from -6.5 to -1.4, highest since June. Current Situation Index rose from -8.3 to -3.3, highest since July. Expectations Index rose from -4.8 to 0.5, highest since February 2018. Sentix said, “As a former world export champion, the country has recently been particularly affected by problems in world trade. Now that a trend reversal has been confirmed – starting with the region Asia ex Japan – this automatically means an easing for the German economy.”

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