Catastrophic conditions
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10 October 2022
Posted in
sentix Economic News
At the beginning of October, the sentix economic indices signal an unchanged difficult economic situation - in Europe, but also globally. At -38.3 points, the overall Eurozone index sinks to its lowest level since May 2020. The ongoing uncertainties about the gas and energy situation in winter have not diminished due to the attack on the Nordstream pipelines. In addition to the economic worries, there is now also an increasing probability of an esca-lation of the military conflict in Ukraine. Globally, there is little reason for hope. Only China seems to be stabilis-ing somewhat at present.
Headlines of the month
- The Eurozone economy continues to plummet. The overall index drops to -38.3 points in October, the lowest level since May 2020. Situation and expectations scores fall again.
- The sentix economic data for Germany signal a catastrophic state of the economic condition. The overall index as well as the situation fall for the 4th time in a row. Expectations again mark an all-time low!
- Looking at the global situation, there is also little hope for improvement. In the USA, the economic erosion is slowing down. In Japan and Eastern Europe we see a series of new lows. Only in Asia ex Japan, dominated by China, can the overall index stabilise. Nevertheless, the global data continue to be disappointing.
sentix Eco Report Euro area
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