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European investor confidence falls in September to its worst level since the pandemic, according to Sentix

MADRID, 5 Sep.

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European investor confidence falls in September to its worst level since the pandemic, according to Sentix

MADRID, 5 Sep. (EUROPA PRESS) -

The confidence of investors in the euro zone has fallen in September to its worst level since May 2020, shortly after the global pandemic of Covid-19 began, according to the index prepared by the German agency Sentix, which stood at -31.8 points, from -25.2 integers the previous month.

"The general conditions of the global economy continued to deteriorate in early September. Although in Europe the signs have been pointing to a considerable recession for some time, there are now signs of a similar development at the global level", has indicated the managing partner of Sentix , Manfred Hubner.

In this way, investors' assessment of the current situation has fallen by 10 points, from -16.3 points in August to -26.5 integers in September. This represents the worst reading of the data since February 2021.

The worst figure for the index has been recorded in investor expectations, which have fallen by 3.2 points, to stand at -37 integers. This marks the worst level seen by Sentix since December 2008.

Sentix believes that the future crisis could be worse than the dotcom crisis, the euro crisis or the Covid-19 crisis. This is because, although the impact of the pandemic was greater, central banks responded to it with huge stimulus programs, something that is not going to happen in the short term since the monetary cycle is contracting.

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