Eurozone investor confidence hits highest level in more than three years
Confidence levels among investors across the eurozone have risen for their third straight month to their highest in three and a half years.
Source: Sharecast
The Sentix Investor Confidence survey, which tracks the sentiment of financial analysts and institutional investors across the single-currency region, gained 4.4 points to hit 4.5 in July, its highest since February 2022.
All subcomponents of the index increased for the third month in a row, with the current assessment score rising to -7.3 from -13.0 (highest since May 2023) and the expectations index up at 17.0 from 14.3.
In Germany in particular, expectations increased 2.3 points to 19.8, also the third increase in a row, while the current situation assessment rose for the fifth straight month, up 8.0 points at -18.8.
"The third increase in a row fulfils the triple rule, which only considers an economic turning point to be confirmed when an early indicator points in the same direction three times in a row," Sentix said.
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