"We are also harming ourselves"

War only knows victims. The traces of the Ukraine conflict are also becoming increasingly visible in the economy. The sanctions against Russia are having an effect, on enemies and friends alike. Last month, the "first mover" economic index clearly pointed the way towards recession. At the beginning of May, the downturn deepened further. Europe is hit particularly hard. The overall Eurozone index drops to -22.6 points. And for Germany we report an all-time low in economic expectations. In other words: it's coming thick and fast.

Full report May 2022

Headlines of the month

  • The sentix business cycle index continues to fall, reaching -22.6 points, its lowest level since June 2020. The situation and expectations alike slump by around 5 percentage points. The recession is becoming visible.
  • Germany's economy minister is right: "We are also harming ourselves" and to a considerable extent. Economic expectations for Germany mark an all-time low and the situation index also falls for the third time in a row.
  • The economic downturn is being felt all over the world. Also in the US, where the overall index falls for the sixth time in a row, reaching -2.9 points, the lowest level since September 2020. The corona lockdowns in China are weighing heavily on the Asian region. Here, the overall index falls by 10.1 points!

sentix Eco Report Euro area

Access to the sentix charts on the economic index is free of charge for private, non-commercial purposes, but requires a sentix account.

Please log in to view the current data. If you do not have an account yet, you can register here:
Register here!.

More sentix Economic indices

We use cookies and third-party services that store information in the end device of a site visitor or retrieve it there. We then process the information further. This all helps us to provide you with our basic services (user account), to save the language selection, to optimally design our website and to continuously improve it. We need your consent for the storage, retrieval and processing. You can revoke your consent at any time by deleting the cookies from this website in your browser. Your consent is thereby revoked. You can find further information in our privacy policy. To find out more about the cookies we use and how to delete them, see our privacy policy.

I accept cookies from this site.

EU Cookie Directive Module Information