Euro Area passes through dent
Posted in sentix Economic News
The composite index for Euroland rises in June by 4 points and stands now at -11.6. The spring dent seems to have passed. The current turn is taking place earlier than in the past years, where similar patterns could be observed. This is pointing to a more robust economy. Should the current trend continue in the coming months, Euroland will finally move back into growth territory in the course of next quarter. Outside the Eurozone, the composite indices for the USA and for Japan reach their highest readings since Mai 2006 and August 2007, respectively. The indices for the Emerging Markets regions weaken once again. For the global aggregate. this leads to a stabilisation.