Eurozone Investor Sentiment Fell in October

Monday’s survey showed investor sentiment in the Euro area declined in October, halting a five-month streak of improvement, in an indication of concerns about the increasing of coronavirus cases.

The Sentex Euro area index fell to -8.3 from -8.0 in September, compared to Reuters’ forecast for a reading of -9.5.

The status quo index rose to -0.32 from -0.33 the previous month, reaching the highest level since March, when Germany imposed isolation measures and social restrictions to slow the spread of COVID-19.

The expectations index declined to 18.8 from 20.8, the lowest level since May, in a sign of concern about a possible growth of injuries during the winter months.

Patrick Haase of Sentex played down the slight decline in sentiment, saying that the survey did not reveal an imminent threat to the Eurozone economy.

The survey covered 1,085 investors from the first to the third of October.