The Euroland-Virus has infected the globe
09 July 2012
Posted in
sentix Economic News
The development we could already foresee in the sentix data of April / May has now come to fruition. The economic weakness in Euroland is infecting the globe. All total indices for the 6 most important world regions have dropped, especially the US economy. Germany suffers the most.
Headlines of the month
- The total index for Euroland has dropped for the fourth time in a row and falls by 0.7 points to an index level of -29.6 points. This level was last undercut in July 2009.
- Current situation values have kept their negative level of the previous month at -35 points while 6-month expectations have dropped by 1.5 points and have reached a new annual low at -24.0 points.
- The Euroland virus has jumped ship: the weakness in Euroland has begun to infect other world regions. The drop is especially strong for the US economy, where the total index drops from -0.1 to -6.1. But the loser of the month is Germany with an index drop of 6.9 points.
sentix Eco Report Germany
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