Prior -18.0Euro area investor morale slumps further to its lowest level since June 2020, falling for a third straight month now. The ongoing impact from the Russia-Ukraine conflict is still weighing with the current conditions index also seen slipping from -5.5 in April to -10.5 in May – the lowest since March 2021. The expectations index also dropped further from -29.8 in April to -34.0 in May – the lowest since December 2008.Sentix notes that a “perfect storm” is brewing in the global economy and for Europe, “the recession is becoming visible”.
Eurozone May Sentix investor confidence -22.6 vs -20.8 expected
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