Investor morale in the euro zone picked up for a third consecutive month in January to its highest level since June 2022, but remained in negative territory reflecting a challenging economic situation, a survey showed today.
Sentix's index for the euro zone rose to -17.5 points for January from -21 in December, surpassing analyst expectations for a reading of -18.
"The January data in the sentix economic indices indicate a further improvement," Sentix Managing Director Patrick Hussy said in a statement.
"But there is virtually no change in the assessment of the current situation, with only the expectations values signalling a greater easing of the situation," he added.
An expectations index rose to -15.8 from -22 in December, the highest level since February 2022.
An index on the current situation in the euro zone also rose to -19.3 from -20, the highest since August 2022 and also the third consecutive rise.
The poll of 1,228 investors was conducted between January 5 and January 7, Sentix said.
