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Euro zone investor morale slips again in September amid economic weakness
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Euro zone investor morale slips again in September amid economic weakness
Sep 9, 2024 1:55 AM

Sept 9 (Reuters) - Investor morale in the euro zone fell

for a third consecutive month in September, a survey showed on

Monday, dropping to its lowest level since January amid

dissatisfaction over the state of the economy, particularly in

Germany.

The Sentix index for the euro zone fell to -15.4 points for

August from -13.9 in August. Analysts polled by Reuters had

expected it to recover to -12.5 this month.

The survey from Sept. 5-9 among 1,142 investors, querying

both satisfaction with the current state as well as future

expectations, showed that the euro zone index on expectations

recovered slightly to -8.0 points from -8.8 in August.

The current situation score for the region, in turn, dropped

to -22.5 from -19.0 in August.

"The political and economic chaos in Germany is a heavy

burden on the entire euro zone," Sentix said in a statement.

"The only hope for investors in this context is the prospect

of a supportive monetary policy," it added.

Investor morale fell further in Germany, Europe's largest

economy, to -34.7 in September from -31.1 in August. The index

on the current situation in Germany dropped to -48.0 in

September from -42.8 in August.

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