|
Sentix's index for the euro zone tumbled to -22.5 points in July
from -17.0 in June, dipping further than expected by analysts
polled by Reuters, who forecast a reading of -18.0.
"There is also nothing positive to report in terms of
forward-looking expectations," said Sentix managing director
Manfred Huebner, after the corresponding index tumbled 6.2
points to -24.5 in July, also its lowest since November 2022.
"The question is where an improvement could come from," said
Huebner, as investors surveyed expect central banks to further
restrict monetary policy, and the US economy, which has resisted
the global downturn, is not spreading positive momentum.
Huebner singled out Germany, Europe's largest economy, in
particular for having "dramatically bad" values: The overall
index fell 7.3 points to land at -28.4, with similarly large
dips in the current situation and expectations indices.
The poll of 1,226 investors was conducted between July 5-7,
according to Sentix.
(Reporting by Miranda Murray, Editing by Rachel More)
[© 2023 Thomson Reuters. All rights
reserved.]
This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|
