That marks a notable drop from the 6.2 estimate in December final yr, with the index returning into detrimental territory. The present circumstances index additionally fell again from 16.6 to 0.0 on the month, suggesting some headwinds for the economic system at current. UBS notes that:
“The survey was performed through the escalation of tensions over Greenland and the related threat of upper US tariffs on some European nations. These discussions probably weighed on analysts’ sentiment.”
Taking that into consideration, one can fairly count on investor sentiment to rebound once more subsequent month as Trump’s Greenland threats have subsided.
