Euro zone sen­ti­ment in­dex dips in Au­gust: Sen­tix

The Pak Banker - - BUSINESS -

BER­LIN: Sen­ti­ment in the euro zone weak­ened in Au­gust but only slightly, sug­gest­ing that the re­gion is man­ag­ing to with­stand a cool­ing global econ­omy and un­cer­tainty about the fate of Greece, a sur­vey showed on Mon­day.

Sen­tix re­search group's in­dex track­ing morale among in­vestors and an­a­lysts in the euro zone dipped to 18.4 in Au­gust from 18.5 in July. That was be­low the Reuters con­sen­sus forecast for a read­ing of 20.2. "De­spite the global head­winds, the euro zone's econ­omy ap­pears to be in rel­a­tively good form," said Man­fred Hueb­ner from Sen­tix. "The euro zone has swal­lowed the tur­moil sur­round­ing Greece and a fur­ther col­lapse in eco­nomic mo­men­tum there rel­a­tively well," he added. Sub-in­dices showed that in­vestors' as­sess­ment of cur­rent con­di­tions im­proved slightly to 15.3, the high­est level since July 2011, while the in­dex mea­sur­ing ex­pec­ta­tions slipped to 21.5 from 22.3 in the pre­vi­ous month, hurt by sag­ging global eco­nomic mo­men­tum.

An in­dex track­ing Ger­many showed sen­ti­ment in Europe's largest econ­omy fell slightly, with the cur­rent sit­u­a­tion com­po­nent ris­ing while ex­pec­ta­tions de­clined. The sur­vey of 1,002 in­vestors was con­ducted be­tween Aug. 6 and Aug. 8.

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