Small steps forward
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06 May 2024
Posted in
sentix Economic News
The sentix overall economic index for the eurozone rises to -3.6 points in May 2024. This is the seventh consecutive increase and the best value since February 2022. Situation and expectation values contribute equally to the increase, which was higher than the economists surveyed by Bloomberg. However, the economic improvement continues to be characterised by moderate momentum. The rise in the index in Austria is positive, but the East-ern European region is also continuing to develop favourably. Internationally, Asia ex Japan and Latin America deserve a positive mention, while the USA and Japan have seen declines.
Headlines of the month
- The sentix economic index for the eurozone improved again in May, for the seventh time in a row. Situation and expectations are rising in small but steady steps.
- In Germany, too, we are no longer measuring negative economic expectations for the first time since March 2022. However, the situation remains weak. Austria is seeing a significant boost.
- Internationally, the data in Asia ex Japan, Latin America and Eastern Europe are attracting positive attention. The "Asia ex Japan" expectations rose for the seventh time to 17.8 points. In Eastern Europe, expectations are posi-tive for the first time since February 2022 and Latin America has recorded its eighth consecutive increase in the overall index.
sentix Eco Report Euro area
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