BERLIN (Reuters) – Investor morale in the euro zone fell to a three-month low in August on a sharp drop in expectations on concerns that further lockdown restrictions could emerge in the fall and beyond. showed a poll on Monday.
The Sentix index for the euro zone fell to 22.2 points in August from 29.8 in July. A Reuters poll had pointed to an August reading of 29.0.
An expectations sub-index suffered its third consecutive decline and fell to its lowest level since May 2020. A current conditions index rose for the sixth consecutive month, reaching its highest level since October 2018.
“The euro zone economy is booming, but the pace is slowing noticeably,” Sentix managing director Patrick Hussy said.
“What is true for the euro zone is also visible for the German economy (…) Fears are growing that new blockages may emerge from the autumn with rising infection figures, and could again weigh on the economy”, added.
Sentix surveyed 1,070 investors from August 5-7.
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