Euro zone investor morale slumps in August, expectations plummet

Investor morale in the euro zone fell for a second consecutive month in August, a survey showed on Monday, dropping to its lowest level since January.

The Sentix index for the euro zone fell to -13.9 points for August from -7.3 in July. Analysts polled by Reuters had expected it to drop to -8.0 this month.

The index on expectations also saw a sharp drop, falling to -8.8 points from 1.5 in July, a figure that Sentix said was “likely to worry forecasters” as the already weak economic situation is set to deteriorate further over the next 6 months.

Source: REUTER