Eurozone investor confidence has jumped to its highest level in over ten years as the euro area´s economic recovery continues to pick up steam.
The Sentix investor sentiment survey measure reached 34 at the beginning of November, up from October´s reading of 29.7 and sharply ahead of economists´ forecasts of a rise to 30.8.
Eurozone investors’ assessment of the current situation rose to 45.8 from 41.8, while expectations jumped to 22.8 from 18.3.
Sentix highlighted particular strength in Germany where investors´ appraisal of the current situation leapt to an all-time high of 71.8 points.
The data research and analysis group said its figures indicated that together with Europe “the whole world was in excellent shape”.