FRANKFURT (Reuters) – Investor confidence in the euro zone improved for the sixth consecutive month in April to reach its highest level in more than two years, a survey showed on Monday, with Germany still a drag. However, he added that “the economy is showing signs of vitality.''
The euro zone Sentics index rose to -5.9 points in April from -10.5 points in March, the highest level since February 2022, and beat the forecast in a Reuters survey of analysts by -8.9 points. It exceeded 5.
“Will there finally be a sustainable economic recovery? At least the eurozone and global recovery is continuing,” Sentix said. “Economic indicators are also becoming stable internationally.”
Centix said expectations for Germany had improved to their highest level since February 2022, but Europe's largest economy “remains a relative troublemaker among the major advanced economies.”
In the euro area, the expectations index rose from -2.3 points in March to 5.0 points in April, marking the seventh consecutive month of increases and the highest level since February 2022.
The index showing the current situation in the euro area was -16.3 in April, up from -18.5 in the previous month, marking the sixth consecutive month of increases.
The survey was conducted from April 4th to April 6th among 1,201 investors.
(Reporting by Christoph Steitz; Editing by Andrei Shchev)
