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Sentix eurozone economic index rises for 6th consecutive month in June

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Sentix eurozone economic index rises for 6th consecutive month in June

Investor sentiment in the euro area rose for the sixth consecutive month in June to the highest level in almost a decade, behavioral finance research group Sentix said June 6, citing a survey conducted June 1 to 3.

The Sentix eurozone economic index increased to 28.4 points in June from 27.4 in May, the best reading since July 2007. Investors also had a more favorable opinion of prevailing economic conditions in the euro area, with the current situation sub-index rising to 36.0 points from 34.5 points in May. Expectations for economic development remained virtually unchanged, with the index rising slightly to 21.0 from 20.5 the previous month.

The index monitoring trends in Germany increased to 39.2 in June from 36.9 in May, while investors' views on current economic conditions surged to an all-time high of 66.8 from 61.3 the previous month.

The overall index for the U.S. declined for the third consecutive month to 16.5 from 20.4 in May as investors continued to harbor mixed feelings about President Donald Trump's leadership and economic agenda. Assessment of the current situation fell slightly to 35.5 from 36.0 in May while expectations tanked to -1.0 from 5.8 the previous month.