FRANKFURT (Reuters) – Investor sentiment in the euro zone improved in January for the third consecutive month, reaching its highest level since May, but the recovery of the currency bloc is not certain, according to a survey published on Monday .
The Sentix euro zone index rose to -15.8 points in January from -16.8 in December, below the -15.5 estimated by analysts polled by Reuters.
The survey indicates that Germany is a pocket of particular weakness, with sentiment declining in the euro zone’s largest economy.
“It is unlikely that this will be a turnaround for the euro zone,” Sentix said, adding that this development is partly due to Germany, “whose economy is still in recession and therefore in crisis”.
For the euro zone, the index of future expectations in the currency bloc rose from -9.8 points in December to -8.8 points, a fourth consecutive monthly increase and the highest value since February.
The Current Situation sub-index also increased from -23.5 the previous month to -22.5 in January, the third consecutive monthly increase.
The survey was carried out among 1,282 investors between January 4 and 6.
(Reporting Tom Sims, French version Augustin Turpin, editing by Kate Entringer)
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