Germany's economy not a summer fairy tale

05 June 2023
Posted in sentix Economic News

The German economy is currently experiencing a downright crash. Instead of a spring revival, the recessionary forces are coming back with a vengeance. Above all, the situation indicators are plummeting, signalling that the downward forces are currently very present. This is also being felt by the rest of the eurozone. With the largest economy on such a difficult path, it should come as no surprise that investors are increasingly bearish on the rest of the eurozone. The June overall index for the Eurozone economy drops again to -17 points. Internationally, only Japan is showing a positive sign with an increase in the overall index against the general trend.

Full report June 2023

Headlines of the month

• The sentix overall economic index for the eurozone continues to fall in June to -17 points. Concerns about the economy are increasing. The situation values signal recessionary tendencies with a slump to -15.8 points. Expectations rise marginally to -18.3.
• The biggest problem child in the Eurozone remains Germany, which plummets dramatically in the sentix economic indices. The situation collapses to -22 points, expectations fall again slightly to -20.3 points. The overall index plunges to -21.1 points. All lows since Nov/Dec 2022.
• There are bright spots to report, especially from Japan. The country is benefiting from a weak currency in exports and further low interest rates. The overall economic index rises against the general trend to +2.1 points, the highest level since March 2022. In contrast, the rest of the region, led by China, weakens.

sentix Eco Report Euro area

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