Eurozone investor sentiment continued its recovery in June, reaching its highest level since the beginning of 2022, although momentum remained weak. economy According to a prominent survey, it has not yet reached the levels seen before the outbreak of the Ukrainian war.
According to behavioral research institute Sentix, the economic confidence index rose to +0.3 in June from -3.6 in May. It is expected to remain negative at -1.5 in June.
It was the first time since February 2022 that the score was no longer negative, and it turned positive after eight consecutive improvements.
The think tank said the recovery continues but the upward trend is faltering and the figures suggest that the European economy is struggling to return to levels seen before the outbreak of the Ukraine war.
Despite the increase, the situation remains in negative territory, with the current situation index rising to a 13-month high of -9.0 from -14.3 in May.
The minus nine points highlights the view that the recovery is proceeding with difficulty and that progress through the three stages is taking a long time.
Meanwhile, the Expectations Index rose 2.2 points in June to +10.0, the highest score since February 2022.
Sentix said expectations suggest the trend is likely to continue in the coming weeks.
The survey showed that the stabilisation of the German economy was only progressing slowly.
The economic conditions index improved to -12.5 in June from -17.5 in May. The index has risen for three consecutive months, reaching its highest level since April 2023.
The current situation index was -26.3, up from -33.5 in May. At the same time, the expectations index rose from zero to 2.3.
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Renju Jaya
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