Not weaker, not better

The global economy is still in a difficult situation at the beginning of autumn in the northern hemisphere. In the Eurozone, and especially in Germany, the economic situation remains weak and the recessionary tendencies persist. At least there is a slight ray of hope in the form of rising expectations. However, it would be premature to declare a turnaround. If we look further into other regions, we see a largely unchanged picture. Cooling tendencies dominate. A positive trend reversal is nowhere to be found here either.

Full report October 2023

Headlines of the month

  • The sentix Business Cycle Index for the Eurozone fell only marginally in October to -21.9 points. Behind this hardly changed overall index, however, is a situation assessment that, at -27 points, marks the lowest level since November 2022. Expectations, on the other hand, rose by 4.2 points.
  • In Germany we measure the same picture. The recession remains stubborn at -39.5 points in the situation scores, while expectations can improve by 5.5 points.
  • There has also been little movement in the international context. For the most part, the situation values have declined rather slightly. Expectations have remained largely unchanged. A positive trend reversal is not yet in sight anywhere.

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