A range of economic indicators showed on Monday that investors are becoming more confident of continued economic recovery, ignoring fears that new coronavirus pandemic points across the continent could trigger a return to partial or total blockages.
– The investor sentiment calculated by the German Sentix group rose for the fourth month in a row and came ahead of expectations, with the feeling that Germany would return sooner than in other European Union countries.
– The French central bank said on Monday that economic activity in July went 7% below the level it would have carried out without the pandemic, but added that the recovery was on track and “in line with the trajectory projected last month.”; It confirmed that French gross domestic product was down 14% in the second quarter of the year.
– The United Kingdom, where a 14-day quarantine has been restored for travelers from Spain, said it was monitoring the situation elsewhere in Europe. The government “would not hesitate” to impose a similar measure on other countries like France if the situation calls for it, Executive Chancellor Rishi Sunak said over the weekend.
viewpoint: Investor and business sentiment is likely to remain volatile in the coming months as fears grow, then decrease, about the prospect of new blockchain measures. While uncertainty prevails, all such surveys, often based on the mood of the moment, have to deal with a large pinch of salt. Current tough data, on the other hand – such as third-quarter GDP coming later this week – need to be taken more seriously, with remarks they say little about how the recovery will result: Behavior of investors and consumers remains very unpredictable.