FRANKFURT (Reuters) – Investor morale in the euro zone fell in December to its lowest level in more than a year, a survey published on Monday showed, with the German political situation weighing on their expectations.
The Sentix index for the euro zone fell to -17.5 in December, its lowest level since November 2023, compared to -12.8 in November and a consensus of -13.5.
“Optimism is not in order after the announcement of new parliamentary elections in Germany,” the survey indicates, adding that with regard to Europe’s largest economy, where early elections will take place in February, “the recession remains omnipresent”.
The survey of 1,148 investors conducted between December 5 and 7 showed that the outlook also fell to -5.8 in December, from -3.8 points last month.
The judgment on the current situation in the euro zone even fell to its lowest level in more than two years, standing at -28.5 in December, compared to -21.5 in November.
Investor sentiment in Germany deteriorated to -33.2 in December, compared to -29.8 in November, according to the survey.
(Report Christoph Steitz, Corentin Chappron)
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