Eurozone Sentix Investor Confidence improved slightly from -26.4 to -25.2 in August, better than expectation of -26.3. Current Situation index ticked up from -16.5 to -16.3. Expectations index also edged up from -35.8 to -33.8.
However, Germany Investor Confidence dropped from -24.2 to -24.4, lowest since May 2020. Current Situation index dropped from -13.0 to -14.8, lowest since February 2021. Expectations index, on the other hand, ticked up from -34.8 to -33.5.
Sentix said, the improvement in Eurozone “does not mean that the all-clear has been given”. And, “a recession in the Eurozone is still very likely.”
