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- Eurozone investor confidence fell in October - Sentix
Eurozone investor confidence fell in October - Sentix
According to the report from Sentix, the momentum of the economic recovery in the Eurozone continues to slow down. At 16.9 points, the overall index is falling for the third time in a row. Expectations are dropping for the fifth time in a row to only 8 points. For Germany we get the first feedback after the Bundestag elections: The current assessment also slips by 5 points, while the expectations component is able to counter the global loss of momentum and even rises by 2.7 points. Overall, the signs for the global economy continue to point to a "mid-cycle slowdown". The slowdown in growth in the middle of the cycle is making headway in the major economic regions - first and foremost in the USA. The Asia ex Japan region also remains affected.
The economic recovery process continues to falter. The overall economic index for the euro area fell by 2.7 points in October to its lowest level since April 2021. This is the third decline in a row. The weakness had already been evident for some time in the expectations component. The expectations component fell for the fifth time in a row, dropping to 8 points, the same level as in May 2020. The continuing loss of momentum thus does not signal any autumn revival, which typically sets in at this time of year.
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