Investor confidence in the European zone rose for the second month in a row in November, although slightly less than expected, as some satisfaction with current conditions boosted the overall mood, according to a survey on Monday.
The Sentix index for the European zone rose to -12.8 in November from -13.8 in October, slightly below the forecast of economists polled by Reuters who expected a rise to -12.5 this month.
A survey of 1,066 investors from October 31 to November 2 showed expectations unchanged at -3.8 points this month.
"A change in direction is still not in sight," the Sentix report said.
The current conditions score for the European Union rose slightly to -21.5 in November from -23.3 last month.
Investor confidence in Germany, Europe's largest economy, also rose slightly this month for the second straight month, rising to -29.8 from -31.5 in October, the survey showed.
"Although the crisis was not able to shake investors in Germany because they were already in a negative mood, no positive change scenario can be assumed from this data," the report said.
