Eurozone Sentix Investor Confidence Index worsens to -11.1 in March vs. -8.6 expected
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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.
“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.”
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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