EZ investor morale improves in Feb but stagflation fears remain - Sentix
By Frank Prenesti
Date: Monday 06 Feb 2023
(Sharecast News) - Eurozone investor morale in February showed improvement for the fourth consecutive month, but was still in negative territory as worries over a stagnant economy remained, a Sentix survey showed on Monday.
The research firm's index for the single currency bloc came in at -8.0 points for February from -17.5 in January, against forecasts of -12.8.
"The increase of 9.5 points signals that a recession is off the table for the time being. Instead, the scenario of stagnation is gaining in contour," said Sentix Managing Director Patrick Hussy in a statement.
"The absence of an energy crisis and the rosy corporate news are contributing to the turnaround from the original recessionary path. However, the following must be critically observed: So far, the improvement in all subcomponents is running at a negative level."
An expectations index rose to -6.0 from -15.8 in January, hitting its highest level since last February, while an index on the current situation also rose, to -10.0 from -19.3.
Reporting by Frank Prenesti for Sharecast.com
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