In January, increase for the second month in a row
The start of the corona vaccinations has further boosted investor sentiment in the euro area. The economic indicator collected by the consulting firm Sentix rose in January for the second month in a row and reached its highest level since February 2020, before the corona crisis triggered a drastic slump. In a month-on-month comparison, the index rose by 4.0 points to 1.3 points, as Sentix announced.
The result, however, is just below the expectations of analysts, who expected an average of 1.9 points.
Both the economic expectations and the assessment of the current situation have brightened. The index value for expectations even reached a record high of 33.5 points. “This very positive assessment of the expectations should be very much with the prospect of a successful vaccination campaign,” said Sentix managing director Manfred Huebner. After several vaccines have been approved, according to Hübner, investors apparently expect a quick implementation of the vaccination strategy and thus an end to the economic and personal restrictions.
The Sentix indicator is based on a monthly survey. In January, 1,168 investors were surveyed, including 277 professional investors. The sentiment indicator is observed in the market because it is based on a broad survey and is published very early in the month.
