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BERLIN, April 8 (Reuters) – Investor sentiment in the eurozone has improved in April to reach its highest level since November, helped by signs of recovery in China, a survey said on Monday.
The Sentix research group said its investor confidence index for the euro zone fell from -2.2 to -0.3 in March. Analysts expected a reading of -2.1.
A sub-index of expectations improved for the third consecutive month, reaching -4.3, its highest level since last May. However, the current situation has weakened for the eighth consecutive month, falling to 3.8, its lowest level since February 2015.
The economic situation in the euro area remains fragile, said Sentix, but with expectations rising, the downward trend is slowing.
"With the exception of the tedious discussion on Brexit, the fact that this goal is achieved seems to belong less to the Europeans themselves than to the further development of the two economic heavyweights, China and the United States. United States, "said Manfred Huebner, managing director of Sentix. .
The impact of the credit expansion measures taken by the Chinese government was already noticeable, he said, adding: "It is the conclusion of the negotiations in the trade dispute with the United States. United which should give new impulses ".
A separate index measuring investor sentiment in Germany fell to 2.1, its lowest level since August 2012. Expectations for Germany rose for the third consecutive month, to -6.0.
A sub-index measuring current conditions fell to 10.5 months for the sixth month – a development that Huebner described as disturbing.
"It would be positive if Germany did not rely solely on China and the United States but sought to make its own contribution to economic stabilization."
Sentix surveyed 936 investors from April 4th to 8th. (Report by Madeline Chambers, edited by Michelle Martin)
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