Expectations Component Continues to Disappoint

As we have noted on a number of occasions in the last few months (here, here, and here), a number of often cited surveys pertaining to the Eurozone are exhibiting weak expectations--and today's release of the Sentix survey is no different. Current situation figures show few signs of slowing:

Forward-looking components, however, have declined since reaching highs in February:

As a result, the overall survey missed expectations and fell slightly: