Market research group Sentix released its investor confidence index for the Eurozone on Monday. The index slid to 6.0 in February from 9.6 in January. It was the lowest level since April 2015.
A reading above 0.0 indicates optimism, below indicates pessimism.
"Although the values for Asia ex Japan recover something, this month results do not shape a fundamentally new image. In particular, the loss of momentum in Germany and the United States weighs heavily and stresses that the global economy is now in a very fragile state," Sentix said in its statement.
The current conditions index fell to 10.5 in February from 13.0 in January.
The expectations index plunged to 1.5 in February from 6.3 in January.
German investor confidence index dropped to 14.5 in February from 18.1 in January.