Eurozone Sentix Investor Confidence index dropped from -8 to -11.1, much worst than expectation of an improvement to -5.6.
Current Situation index rose from -10.0 to -9.3, hitting the highest level since June 2022. But that means the economy is “currently in a stagnation phase at best”.
Expectations index dropped notably from -6.0 to -13.0. “Over the next six months, investors expect the Eurozone economy to deteriorate.”
Sentix added, “this stagnation phase could soon turn into renewed recession worries if the negative economic expectations materialise.”