Sentex: euro zone investors' sentiment is at its lowest level since October 2014

BERLIN (Reuters) – Investor confidence in the eurozone has deteriorated in August, its lowest level since October 2014, warned the group on Monday, warning the group that Germany would certainly be in recession .

The Sentix research group said its index of investor confidence in the euro zone fell from -5.8 in July to -13.7 in August, and fell sharply compared to expectations of badysts who expected a reading -7.7.

Forecasts fell from -13.0 to -20.0, the lowest level since August 2012, when the eurozone debt crisis reached its peak.

ECB President Mario Draghi pledged in July 2012 to "do all that is necessary" to protect the euro. This commitment has been widely recognized for the cohesion of the European bloc.

A German subindex fell from -4.8 to -13.7, the lowest since August 2009. Sentex said export dependency and concerns about China weighed heavily on the most Europe's largest economy and that the royalty dispute persisted longer than many had hoped.

Centex said 930 investors had participated in the survey, which took place from August 1 to 3.

(Reuters)