Eurozone Sentix Investor Confidence rose to 18.3 in November, up from 16.9, slightly below expectation of 18.6. That also the first rise since July. However, current situation index dropped from 26.3 to 23.5, lowest since June. Expectations, on the other hand, rose from 8.0 to 13.3.
Sentix said, the economic slowdown is “coming to an end”. Economic expectations suggested that the latest declines were just a “mid-cycle slowdown”. “This thesis seems to be con-firmed by the November data. The threat of an economic turnaround is thus off the table.”
