- Dr. Sebastian Wanke, Senior Analyst in Sentix
In September, investors and analysts around the Euroland become more sceptical over economic situation in the region, as the Sentix investor mood metric for the Euro zone revealed on Monday. The economic index posted a steep decline to 13.6 points from the 18.4 points in August, also missing the estimates of 16.2. After running sharply higher in late 2014, the Investor Confidence Index has been more or less flat this year, showing only slight decreases. Despite the recent drop in the measure to its lowest since February, that is still an impressive performance, considering the crisis in Greece and the turmoil in global stock markets last month after China announced the Yuan devaluation. The Sentix Index release also showed that the perception of the current situation remains stable, while economic expectations have cooled sharply. Concerning Europe's largest economy, an index tracking Germany fell to 20.6 from 25.7, while the expectations component collapsed to 4.4.
Meanwhile, another release of official data showed that the industrial production in Germany returned to growth in July. According to the latest report from the German Federal Statistical Office, industrial output in the Europe's powerhouse economy posted 0.7% growth in the seventh month of the year, after reporting a revised 0.9% decline in the preceding month. However, the number missed estimates of a 0.9% growth.
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