Confidence in Europe at Lowest Level since July 2009

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Data released on May 7th shows that Sentix Investor Confidence in Europe is now at its lowest level since July 2009, as shown on the graph below. Economic pessimism is accelerating.

Since it's a "leading indicator of economic health – investors and analysts are highly informed by virtue of their job, and changes in their sentiment can be an early signal of future economic activity," this can only mean that economic conditions will worsen in Europe.