BERLIN—Eurozone investor morale fell for a third straight month in October to its lowest level since May 2020, signaling a deep recession in 19 currency blocs, a report said on Monday. revealed in the indicated investigation.
The Sentix euro zone index fell to 38.3 points in October from 31.8 in September, below analyst expectations of 34.7 in a Reuters poll.
The Expectations Index also fell from 37.0 to 41.0, the lowest since December 2008, the peak of the financial crisis after the collapse of Lehman Brothers.
The eurozone current situation index also fell, falling from 26.5 in September to 35.5 in October, the lowest since August 2020.
“Uncertainty about the winter gas and energy situation has not been reduced by the attack on the Nordstream pipeline,” said Manfred Huebner, managing director of Sentix, in a statement.
“In addition to economic concerns, there is now a growing likelihood of an escalating military conflict in Ukraine. Globally, there is little reason for hope.”
He said central banks and governments cannot now provide the same response they did to the economic collapse caused by the coronavirus pandemic in 2020, given inflation is soaring. pointed out.
According to Sentix, 1,331 investors were surveyed between October 6th and October 8th.