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- Eurozone Sentix Investor Confidence Index worsens to -11.1 in March vs. -8.6 expected
Eurozone Sentix Investor Confidence Index worsens to -11.1 in March vs. -8.6 expected
The Eurozone Sentix Investor Confidence index worsens to -11.1 in March from -8.0 in February vs. -8.6 expected.
The Current Situation in the Eurozone rose to -9.3 from -10.0. Meanwhile, the Expectations Index tumbled to -13.0 from -6.0 in February.
Key takeaways
"This stagnation phase could soon turn into renewed recession worries if the negative economic expectations materialize.”
"Money supply growth remains weak and, together with the rise in interest rates, is likely to prove a serious burden on the economy in the further course of the year.”
EUR/USD reaction
The shared currency is unfazed by the downbeat Eurozone Sentix data. EUR/USD is trading at 1.0633, modestly flat on the day.
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