BERLIN (Reuters) – Investor sentiment in the euro zone fell less than expected at the start of October as Germany’s economic weakness continued to weigh on the region but expectations rose slightly, a survey showed on Monday .
The Sentix index for the euro zone fell from -21.5 in September to -21.9 points in October, better than the -22.8 estimated by analysts polled by Reuters.
“In the eurozone, and particularly in Germany, the economic situation remains weak and recessionary trends persist,” said Manfred Huebner, CEO of Sentix.
“There is, however, a slight glimmer of hope, since expectations are improving. However, it would be premature to speak of a turnaround in the situation.”
The Eurozone expectations subindex rose to -16.8 points from -21.0 the previous month, its highest level since April.
“In the best case scenario, this means an erosion of negative dynamics,” said Manfred Huebner. “A negative expected value means that investors’ perception of the economy six months from now is worse than their perception of the current situation.”
The current situation index fell from -22.0 to -27.0 points, its lowest level since November 2022.
The survey was carried out among 1,222 investors between October 5 and 7.
(Written by Sarah Marsh, Corentin Chappron, edited by Kate Entringer)
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