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Investor sentiment improving slightly in Eurozone

4 May 2020 01:16 PM

A survey released on Monday shows that investor sentiment in the euro area improved slightly in May, but the assessment of current conditions has reached an all-time low as the Eurozone faces unprecedented challenges posed by the coronavirus crisis.

The Eurozone Sentix Index rose to -41.8 from -42.9 in April, better than the -33.5 expected.

However, the Current Situation Index fell for the fourth consecutive month, hitting a record low of -73.0 after -66.0 in April.

"The economy in the Eurozone has witnessed a staggering collapse in recent weeks, and this collapse far exceeds the distortions caused by the financial crisis," said the managing director of Sentix.

The outlook for the euro area rose to -3.0 from -15.8, showing that investors believe there is light at the end of the tunnel.

The director of Sentix added that countries like Germany and Austria are in a position to lift strict measures soon.

Germany has been shut down for weeks. Companies have been closed and workers compensated for shorter hours under a government plan to avoid mass layoffs, but small shops reopened last week.

The Sentix Index, which included 1,213 investors between April 30 and May 2, said there was evidence that the economy in China - the genesis of the coronavirus - has begun to recover.

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