Investing.com – Investor confidence in the euro zone fell unexpectedly in September, data showed on Monday.
In a report, market research group, Sentix said its index of investor confidence declined to a level of 7.6 in September, after rising to 8.2 in August, whose figure was revised down from 8.5.
Analysts had expected the index to increase to a level of 8.7 in September.
Any level above 0.0 in the index indicated optamism, below indicates pessimism.
The report showed that even with the decline, the index still remains near its highest levels since the financial meltdown in 2008.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD shedding 0.05% to hit 1.2889.
In a report, market research group, Sentix said its index of investor confidence declined to a level of 7.6 in September, after rising to 8.2 in August, whose figure was revised down from 8.5.
Analysts had expected the index to increase to a level of 8.7 in September.
Any level above 0.0 in the index indicated optamism, below indicates pessimism.
The report showed that even with the decline, the index still remains near its highest levels since the financial meltdown in 2008.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD shedding 0.05% to hit 1.2889.