Eurozone Sentix investor confidence dropped from -31.8 to -38.3 in October, lowest since May 2020. Current situation index dropped from -26.5 to -35.3, worst since August 2020. Expectations index dropped from -37.0 to -41.0, lowest since December 2008.
Sentix said: “The ongoing uncertainties about the gas and energy situation in winter have not diminished due to the attack on the Nordstream pipelines. In addition to the economic worries, there is now also an increasing probability of an escalation of the military conflict in Ukraine.”
Germany investor confidence dropped from -29.9 to -37.4, lowest since March 2009. Current situation index dropped from -23.5 to -33.5, lowest since July 2020. Expectations index dropped from -36.0 to -41.3, an all-time low. Sentix said the data signaled a “catastrophic state of the economic condition” in Germany.
