Eurozone faces another recession as ECB fails to avert confidence plunge

Monday, September 8, 2014
By Paul Martin

Despite unveiling a package of interest rate cuts and a new stimulus scheme, the ECB has failed to prevent a “collapse” in euro area investor confidence

By Peter Spence
08 Sep 2014

A key gauge of euro area confidence saw a “collapse” this month, as efforts to revive the currency bloc failed to excite investors.

Falling to its lowest level in over a year, both components of the Sentix Investor Confidence index – assessing the current situation and investors’ six-month expectations – were both in negative territory.

The headline reading dropped to 2.7 to -9.8 in September, while analysts had expected to see just a slip in confidence, to 2.0.

Sebastian Wanke, senior analyst at Sentix, said that “this constellation signals a renewed recession for the eurozone”.

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