By Maria Martinez
BERLIN (Reuters) – Investor morale within the euro zone fell for a second consecutive month in August, a survey confirmed on Monday, dropping to its lowest stage since January.
The Sentix index for the euro zone fell to -13.9 factors for August from -7.3 in July. Analysts polled by Reuters had anticipated it to drop to -8.0 this month.
The index on expectations additionally noticed a pointy drop, falling to -8.8 factors from 1.5 in July, a determine that Sentix mentioned was “likely to worry forecasters” because the already weak financial scenario is ready to deteriorate additional over the subsequent 6 months.
The survey mentioned that traders have been involved in regards to the fragile geopolitical scenario, particularly within the Center East, upcoming German state elections and uncertainty over the U.S. presidential election later this yr.
Investor morale nosedived in Germany, Europe’s largest economic system, falling to -31.1 in August from -19.0 the earlier month. The index on the present scenario in Germany plummeted to -42.8 in August from -32.3 in July.
The ballot of 1,150 traders was performed between Aug 1-3, Sentix mentioned.
