Euro zone investor morale unexpectedly plunges in September
FILE PHOTO: A general view shows the river Rhine and the skyline including the Rheinturm and Rheinkniebruecke in Duesseldorf, Germany, May 13, 2024. REUTERS/Jana Rodenbusch/File Photo
BERLIN (Reuters) -Investor morale in the euro zone plunged in September to its lowest level since April, a survey showed on Monday, as economic worries returned with full force across the currency bloc.
The Sentix index for the euro zone unexpectedly fell to -9.2 in September from -3.7 in August. Analysts polled by Reuters had expected the index to slightly rise, to -2.0.
The survey of 1,024 investors showed both the current situation and expectations also deteriorating sharply, with the current situation index dropping to -18.8 in September from -13.0 the month before, while expectations fell to 0.8 from 6.0, its lowest reading since April.
"Economic anxieties are coming back with full force," Sentix said in a statement.
Germany, Europe's largest economy, saw an even steeper decline, with its overall index falling to -22.1 in September.
"There is not much sign of an autumn revival and the pressure on export-oriented industry is likely to increase further as a result of the tariff deal with the United States," Sentix said.
(Writing by Friederike Heine, Editing by Miranda Murray)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Japan bond yields near 3% as inflation, fiscal worries mount
- Harvard to pay $53 million to settle lawsuits over theft of body parts
- Climate change is driving record heat in Europe's seas, scientists say
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share