FRANKFURT (Reuters) – Investor morale in the euro zone picked up for a third consecutive month in January to its highest level since June 2022, but remained in negative territory reflecting a challenging economic situation, a survey showed on Monday.
Sentix’s index for the euro zone rose to -17.5 points for January from -21.0 in December, surpassing analyst expectations for a reading of -18.0.
“The January data in the sentix economic indices indicate a further improvement,” Sentix Managing Director Patrick Hussy said in a statement.
“(But) There is virtually no change in the assessment of the current situation, with only the expectations values signalling a greater easing of the situation.”
An expectations index rose to -15.8 from -22.0 in December, the highest level since February 2022. An index on the current situation in the euro zone also rose to -19.3 from -20.0, the highest since August 2022 and also the third consecutive rise.
The poll of 1,228 investors was conducted between Jan. 5 and Jan. 7, Sentix said.
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(Reporting by Christoph Steitz; Editing by David Holmes)