Upswing without momentum - 8th rise in a row
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10 June 2024
Posted in
sentix Economic News
The sentix economic index for the eurozone continued its recovery trend in June: however, the recovery is only proceeding slowly in triple steps. With the eighth increase in a row, the overall index has only just reached the zero line. Nevertheless, at +0.3 points, it is no longer negative for the first time since February 2022. However, the situation values remain in negative territory despite the increase (-9.0 points), while the expectations component rose by 2.2 points to +10.0 points. This means that the Eurozone has significantly better economic momentum than the USA. Although the current situation there is still considered to be extremely good at +28.3 points, the 6-month expectations have fallen slightly and are only showing a small increase (+2.3 points). Nevertheless, the level of expansion is likely to be maintained overall. Internationally, the "Asia ex-Japan" region is still convincing. The expectations component there has risen for the eighth time in a row to 19.5 points.
Headlines of the month
- The sentix economic index for the eurozone continued its recovery in triple steps in June. With the eighth increase in a row, it has now reached the zero line (index level of +0.3 points). Both sub-components move with.
- The economic recovery is also continuing in Germany - albeit only in slow motion. At -26.3 index points, the situation remains weak, while expectations are struggling to recover to +2.3 points.
- Internationally, the "Asia ex Japan" region is convincing. The expectations component there rose for the eighth time in a row to 19.5 points. Latin America and Eastern Europe are also slowly improving. US stocks maintain their expansion level.
sentix Eco Report Euro area
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