Let's see if the investor confidence will improve again this month

Sentix Investor Confidence – Let’s See if the Economic Slowdown in Eurozone is Slowing

Posted Monday, April 8, 2019 by
Skerdian Meta • 1 min read

At the beginning of last year, the economy of the Eurozone was growing at a solid pace, as was the global economy. But the economy started to slow down in Spring 2018 and the slowdown turned out to be on a global scale. The slowdown picked up pace as the year progressed and several sectors fell into contraction in different major countries.

Although, we have seen a ray of light in the last few weeks/months. The Chinese government introduced an economic stimulus programme a few months back and the results are already showing, with manufacturing PMI and Caixin reports higher and back in expansion last month, after contracting for a few months.

In the Eurozone, the services PMI report showed that this sector also turned into expansion last month and in March the Sentix investor confidence improved after being on a deteriorating trend for many months. It still is negative at -2.2 points and this month it is expected to be come out negative again at -1.7 points, but that’s an improvement nonetheless, after declining for more than a year.

If today’s number comes as expected or even turns out to be positive, then this will be another sign that the economic slowdown in the Eurozone might be coming to an end. We will have to keep it in mind if that’s the case, because it will have implications for the Euro at some point.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments