Sentix’s index for the euro zone rose to -18.2 from -24.8 in June. That compared with the Reuters consensus forecast for a reading of -10.9.
The current situation index rose for a second month in a row, to -49.5 from -61.5 in June. However, the expectations index for the bloc dipped to 19.5 from 21.8. “There is a danger that the ‘upswing’ could run out of steam as early as the summer,” said Sentix managing director Manfred Huebner. Investors said they expected that only around 60% of coronavirus-related economic losses would be recovered within a year in the euro zone.
In Germany, investors expect only around 65% to be made up within a year despite the government’s economic stimulus package, with the expectations index also dipping slightly in Europe’s largest economy.Reporting by Emma Thomasson; Editing by Michelle Martin
Yeah, yeah, 'could'...
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