Investor confidence wanes in the euro area

Investor confidence index in the Eurozone fell to its lowest level since April 2021 amid concerns about the new variant in the coronavirus outbreak and the restrictions that come with it.

According to the statement made by Sentix, which conducts market research and is headquartered in Frankfurt, the Eurozone General Investor Confidence Index, which was 18.3 points in November, decreased by 4.8 points to 13.5 points this month.

"ECONOMIC SLOWDOWN IS NOT EXPOSSIBLE"

Sentix General Manager Manfred Hübner, in his assessment on the subject, said, "A slowdown in the economy or even a recession does not seem unlikely anymore. The restriction of economic activities due to the coronavirus is hitting the economy harder than before." used the phrases.

The Sentix Investor Confidence Index for Germany, the largest economy in the Eurozone, fell by 5.3 points to 14.4 points in December. It is noteworthy that the index has been decreasing for 5 consecutive months.