Eurozone investor morale slips again in September amid economic weakness

Investor morale in the eurozone fell for a third consecutive month in September, a survey showed this week, dropping to its lowest level since January amid dissatisfaction over the state of the economy, particularly in Germany.

The Sentix index for the eurozone fell to -15.4 points for August from -13.9 in August. Analysts polled by Reuters had expected it to recover to -12.5 this month.

The survey from Sept. 5-9 among 1,142 investors, querying both satisfaction with the current state as well as future expectations, showed that the eurozone index on expectations recovered slightly to -8.0 points from -8.8 in August.

The current situation score for the region, in turn, dropped to -22.5 from -19.0 in August.

“The political and economic chaos in Germany is a heavy burden on the entire eurozone,” Sentix said in a statement.

“The only hope for investors in this context is the prospect of a supportive monetary policy,” it added.

Investor morale fell further in Germany, Europe’s largest economy, to -34.7 in September from -31.1 in August. The index on the current situation in Germany dropped to -48.0 in September from -42.8 in August.