Eurozone Sentix Investor Confidence Highest Since Nov. 2018; Tops Expectations
06 May 2019 - 3:13PM
RTTF2
Eurozone investor confidence improved strongly in May to its
highest level since November, exceeding economists' expectations,
survey data from the behavioral finance research group Sentix
showed on Monday.
The investor confidence index rose for a third successive month
to 5.3 from -0.3 in April. Economists had forecast a score of
1.1.
"The danger of recession is thus averted, even though the
expected values are still just in the negative range," the think
tank said.
"The global environment made a significant contribution to this
positive development," Sentix added.
The current situation index of the survey climbed sharply to 11
from 3.8.
The expectations measure rose to -0.3 from -4.3, rising for the
fourth successive month. The reading was the highest since March
2018.
Investor confidence improved sharply in Germany too, with the
index climbing to 7.9 in May, which is the highest since November
2018.
The current assessment index for Germany surged to 18.3 from
10.5. Expectations improved for the fourth month in a row.
"Apparently, the spark from the Chinese economy, which has
recovered significantly since the start of the year, is
increasingly jumping over to the export-dependent German economy,"
Sentix said.
Confidence improved for a fourth straight month in the US and
Asia ex-Japan.
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