Investor confidence in the euro area worsened in May, the latest report by Sentix showed on Monday. The confidence index fell from negative 8.7 in April to negative 13.1 in May.
The current situation index in the reported month worsened by 2.7 points compared to April, declining to negative 7, while the expectations index slumped by 6 points to negative 19, reaching the lowest point since December 2022.
"There is no doubt that the eurozone economy has recently weathered the winter months better than many had feared in the fall. However, the issue of energy shortages remains a perennial one. Inflation data has also remained stubbornly high and is hampering consumer spending," it was written in the report.
