Investor Confidence Dives to Record Lows in the Eurozone - Forex News by FX Leaders
Record low for Eurozone Sentix consumer confidence

Investor Confidence Dives to Record Lows in the Eurozone

Posted Monday, April 6, 2020 by
Skerdian Meta • 1 min read

The Sentix investor confidence weakened considerably last year in the Eurozone, as the trade was hurt the global economy. It bottomed at around -17 points in October but started to improve on prospects of the Phase One deal between US and China and in the last three months from December to February it turned positive.

But, we knew it wasn’t going to last, when the global economy has almost shut down. In March it fell to -17.1 points, while today’s report showed that the confidence dived to the lowest levels in April, since the 2008-09 crisis. Below is that report, as well as some other reports from the Eurozone, showing how bad things are at the moment:

Eurozone Sentix Investor Confidence Report

  • April Sentix investor confidence -42.9 points vs -37.5 expected
  • February investor confidence stood at-17.1 points

German factory Orders Report

  • German March factory orders -1.4% against -2.7%
  • February factory orders stood at 5.5% but was revised lower to 4.8%

German Construction PMI Report

  • Germany March construction PMI 42.0 points vs 55.8 prior
  • February construction PMI stood at 55.8 points

UK Construction PMI Report

  • UK March construction PMI 39.3 points vs 44.0 expected
  • February construction PMI stood at 52.6 points
No surprises here, as investor morale declines sharply, surpassing the lows even seen during the 08-09 financial crisis. The headline reading is the record low for the Sentix survey as economic conditions in the euro area slump amid the virus outbreak in the region. In UK, the construction activity slumped by more-than-expected with the drop being the steepest rate since April 2009. The virus outbreak and lock-down measures associated have led to a stoppage of work on site and a slump in new orders.
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