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Financial News: Eurozone Sentix Investor Confidence Weakens In October

Eurozone Sentix Investor Confidence Weakens In October

10/08/2018 - 04:46:00 (RTTNews)

(RTTNews) - Eurozone investor confidence weakened in October largely due to uncertainties about the fiscal policy stance in Italy and the automobile industry in Germany, survey data from think tank Sentix showed Monday.

The investor sentiment index fell more-than-expected to 11.4 in October from 12.0 in September. The expected reading was 11.8. The current situation index came in at 33.0, the lowest since April 2017, and down from 35.0 in September. Meanwhile, the expectations indicator rose to -8.3 from -8.8 in the previous month.

Despite the negative discussions about the automotive industry and the question marks over the continued existence of the current government coalition, the German economic data remain stable, Sentix said.

Germany's investor confidence index rose to 20.0 in October from 18.1 in September.

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