Eurozone Sentix Investor Confidence Index climbs to -17.5 in Jan vs. -11.1 expected
|The Eurozone Sentix Investor Confidence index rises to –17.5 in January from -21.0 in December vs. -11.1 expected.
The current situation in the Eurozone rose to -19.3 from -20.0, the highest since August 2022 and also the third consecutive rise.
An expectations index improved to -15.8 from -22.0 in December, the highest level since February 2022.
Key takeaways
"The January data in the Sentix economic indices indicate a further improvement.”
"(But) There is virtually no change in the assessment of the current situation, with only the expectations values signaling a greater easing of the situation."
EUR/USD reaction
The shared currency is unfazed by the downbeat Eurozone Sentix data. EUR/USD is trading at 1.0676, up 0.30% on the day.
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