FRANKFURT, Nov 9 (Reuters) – Investor morale in the euro zone edged lower in November, underscoring expectations for economic stagnation, a survey showed on Monday.
• The Sentix index for the euro zone fell to 2.4 points in November from 2.7 points in October, compared with an analyst forecast for 2.1 points.
• The current situation subindex remained stable at -3.3 points in November, while economic expectations fell by 0.5 point on the month to 8.3 points.
• “Hopes for a sustained recovery have been dealt a further blow,” said Sentix, citing rising interest rates, high fuel prices and political uncertainty as drags on the economy.
• By contrast, the German economy showed signs of stabilization, with the index rising 0.3 point to -3.3 points.
• A pool of 1,025 investors, including 220 institutional investors, was surveyed between November 5 and November 7.
(Reporting by Tom SimsEditing by Ludwig Burger)
Comments