The sudden weakness comes after the best year for euro-area economy in a decade, and has been blamed on a number of exceptional factors from bad weather to bottlenecks constraining the ability to handle additional demand. There’s also the uncertainty surrounding the trade spat between U.S. President Donald Trump’s administration and China. “The good-weather period for the economy in the euro area is coming to an end,” said Patrick Hussy, managing director at Sentix GmbH in Frankfurt.
Sentix Investors Confidence turned fell to 19.6
Investors are losing faith in the strength of the euro-area economy after a string of numbers that fell short of expectations. A monthly report from research group Sentix said their view of the economy has turned negative for the first time since July 2016. It said the downward dynamic was “even more pronounced” for Germany, where separate data on Monday showed a sharp drop in exports in February.
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