Prior -19.2
Euro area investor morale surprisingly picks up in May, indicating that investors do not expect a further escalation to the US-Iran conflict. There was one notable exception though, being Germany, with the index there falling further to -30.9 from -27.7 in April.
Of note, the expectations index also showed an improvement as it moves up from -15.5 in the previous month to -11.3 in May. Meanwhile, the current situation index is just up marginally from -22.8 in April to -21.5 in May. While showing some improvement, Sentix is quick to caution that “both indices remain in negative territory, meaning the risk of recession remains acute”.
This article was written by Justin Low at investinglive.com.