Investor morale in the euro zone showed an improvement in April after a dip in March, according to a survey by Sentix. The index for the euro zone rose from -11.1 in March to -8.7 points in April, beating analyst forecasts. However, the current situation remained negative, rising from -9.3 to -4.3, indicating the economy is at best in a stagnation phase. The expectations index held steady at -13.0.
Sentix noted that the Euro Zone economy has fared better during the winter months than anticipated, despite the negative impact of the Covid-19 pandemic. The poll was conducted between April 6-8 and surveyed 1,300 investors. The results indicated that the mild winter and efforts to conserve energy helped prevent an energy shortage, which is a positive sign for the future.
