“Investment sentiment in the euro zone fell in January to its lowest level in more than a year, with Germany remaining the main drag on the bloc.”, — write: epravda.com.ua
Investment sentiment in the eurozone fell in January to the lowest level in more than a year, while Germany remains the main drag on the bloc. Reuters reports. The Sentix index for the eurozone fell to -17.7 in January from -17.5 in December. That’s the lowest level since November 2023, though not as bad as analysts polled by Reuters had predicted, at -18.0.Advertisement: “In the euro zone, the economic engine risks freezing up in the long run,” the survey said, adding that the recessionary economy Germany “hangs on the Eurozone like a lead burden.” The survey of 1,121 investors, conducted between Jan. 2 and Jan. 4, showed expectations improved slightly to -5.0 in January from -5.8 last month. But this increase was outweighed by the deterioration of the assessment of the current situation, which fell to -29.5 in January from -28.5 in December. This is the lowest level since October 2022.Advertisement: The survey also showed that Germany – Europe’s largest economy, which faces federal elections next month – appears to be in recession and unlikely to emerge anytime soon.