Eurozone Sentix investor confidence dropped to 19.2 in May, down from 19.6, missed expectation of 21.0. That’s the 4th decline in a row, and hit the lowest level since February 2017. Current situation index dropped 0.2 to 42.8, lowest since October 2017. Expectations dropped to -2, lowest since October 2014.
Quotes from the release:
“Uncertainties about the introduction of punitive US tariffs and the danger that this could lead to an expansion of protectionist measures are weighing on us.”
Overall Germany investor confidence index dropped 0.9 to 24.4, lowest since September 2016. Current situation index dropped 2.2 to 59.8, lowest since April 2017. Expectation index was unchanged at -7.8.
