(Reuters) – Investor sentiment in the euro zone fell for the third consecutive month in September, hitting its lowest level since January amid economic concerns, a survey showed on Monday.
The Sentix index for the euro zone rose to -15.4 in September from -13.9 in August. Analysts polled by Reuters had expected a rebound to -12.5.
The expectations component picked up slightly from -8.8 in August to -8.0 in September.
The current conditions component fell to -22.5 from -19.0 in August.
“The political and economic chaos in Germany is weighing heavily on the entire eurozone,” Sentix said in a statement.
“The only hope for investors in this context is the prospect of a monetary policy supporting the economy,” the institute added.
Investor sentiment continued to decline in Germany, Europe’s largest economy, falling from -31.1 in August to -34.7 in September. The current situation component rose from -42.8 in August to -48.0 in September.
The survey was conducted among 1,142 investors between September 5 and 9.
(Report by Ludwig Burger, by Corentin Chappron, edited by Blandine Hénault)
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