Investor sentiment towards the eurozone economy improved significantly in June this year, reaching its highest level since February 2018. Their optimism increased after the region’s improved epidemiological situation with COVID-19 ended severe restrictions and the service sector began to actively recover.
Restaurants and cafes started working again, and a noticeable revival of the tourism sector began. The improvement in investor sentiment was indicated by the value of the Sentix index, which rose to 28.1 points from the level of 21 points noted in the previous month.
According to economists ‘ forecasts, the index was expected to be at a lower level of 26 points this month. Its value has been growing for the past four months. The indicator, which indicates investors ‘ attitude to the current conditions in the euro area economy, jumped to 21.3 from 6.3 points in May. At the same time, the expectations indicator showed a slight decrease — from 36.8 to 35.3 points.
It is noted that the active recovery process in the region’s economy is accompanied by an increase in prices.