Third decline in a row
08 August 2021
Posted in
sentix Economic News
The global economy is running at full speed, but momentum is weakening. The slowdown in the Asia ex Japan region is also contributing to this. In the Eurozone, the recovery of the current economic situation continues. At 30.8 points, the assessment reached its highest level since October 2018. However, here, too, the expectations component lost a significant 15.8 points, marking the third decline in a row. The rule of a three-point decline should be taken seriously. As a result, the overall index for the Eurozone drops by 7.6 points. Germany's economy continues to be in boom-like shape. It rises for the 15th time in a row to 38.5 points. The expectations component halves.
Headlines of the month
- The recovery of current assessment in the Eurozone continues. Valuations are reaching levels last surpassed in October 2018.
- However, the expectations component loses significantly by 15.8 points, marking the third decline in a row. The overall index slips by 7.6 points.
- The German economy also continues to present itself in boom-like condition. The assessment of the current situation rose for the 15th time in a row to 38.5 points. The expectations component suffers similarly strongly.
- The global economy is also shifting down a gear in the current boom. Here it is not only the expectations values that characterise the loss of momentum, but also the current assessment, which are more clearly in retreat. The pronounced weakness in the Asia ex Japan region also contributes to this.
sentix Eco Report Euro area
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