We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedPeople Management

Euro zone confidence falls for fifth straight month


New research shows that investor sentiment is now at his lowest in over three years

Article comments

Euro zone confidence fell for the fifth consecutive month in August, hitting its lowest level in over three years as concerns about the ongoing debt crisis flared up again, the latest research showed on Monday.

A monthly index from the Sentix research group, which tracks investor sentiment, showed on Monday that confidence the 17-nation currency bloc dipped to -30.3 in August, down from -29.6 in July.

Comments from European Central Bank president Mario Draghi on Thursday indicating that the ECB could begin buying government bonds again to reduce surging borrowing costs in Spain and Italy appeared to have helped limit the damage.

The expectations component of the index improved slightly for the first time in many months, rising to -23.3 from -24.0 in July.

"The main reason for this was probably ECB president Draghi's unusually energetic defence of the euro," Sentix said in its report.

"The survey results suggest that this reassured investors, especially institutionals, that more decisive steps will follow (also from politicians) to save the common currency."

Still, a sub-index on the current situation continued to fall in August, dipping to -37.0 from -35.0 the previous month. This took the overall index to its lowest level since July 2009.

A separate index for Germany dipped to 1.3 from 2.2, despite a slight improvement in the expectations component. An index for the US also fell, while one for Asia, excluding Japan, edged higher.

photo credit: Reuters

Share:

Recommended Articles

Comments

Euro zone confidence falls for fifth straight month
People Management

Personal branding - A headhunter's perspective

Personal branding - A headhunter's perspective

'If you don't have honesty and integrity you will get found out'more ..


Aviva goes 'digital first' with new CDO appointment

Andrew Brem's chief digital officer appointment comes two months after Phil Pavitt left insurer to take up Global CIO role at Specsaversmore ..

Microsoft's former boss Steve Ballmer steps down

The former CEO cited a busy schedule, particularly involving his LA Clippers basketball team, for his resignationmore ..

Unemployment rate hits 6-year low

But wage growth plunges to 0.2% on a year agomore ..

The benefits of being a non-executive

Look for a non-executive when appointing peersmore ..

If you are still thinking about flexible working, it's too late

OPINION: Tips from an experienced chief security officer on how best to enable flexible workingmore ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..

Advertisement

* *