According to Sentix analytics, investor sentiment in the eurozone fell to a record low in April, as the bloc’s economy declines in the wake of the coronavirus pandemic.
The Sentix index, which measures investor confidence in the eurozone, fell to -42.9 points in April from -17.1 points in March. Analysts predicted a decline in the indicator to -30.3 points.
Sentix Managing Director Patrick Hussey noted that the current situation is much worse than the 2009 crisis, and economic forecasts underestimate the volume of economic contraction.
In Germany, the investor sentiment index fell to -36 points from -16.9 in March, reaching the lowest level since March 2009.
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