Upswing (still) without Germany
03 March 2024
Posted in
sentix Economic News
At the beginning of March 2024, the sentix economic indices are improving for the most part, albeit still in mostly small steps. The overall Eurozone index rises by 2.4 points to -10.5 points. This is the fifth increase in a row. The situation also improved for the fifth time and expectations even for the sixth time (+3.2 points to -2.3 points). Nevertheless, one cannot speak of a typical spring revival. This is because Germany, as an economic heavy-weight, remains the ghost driver and is hampering the recovery. The situation looks more favourable in the other global regions. The USA, Asia ex Japan and Latin America are particularly favourable.
Headlines of the month
- To speak of a spring revival would probably be an exaggeration. However, the sentix economic index for the eurozone has improved for the fifth time in a row, although it remains negative at -10.5 points.
- This is largely due to the weak development in Germany, where the overall index fell against the general trend to -27.9 points. The recession is persistent.
- We are seeing a clearly positive trend in the US data and in the development of the Asia ex-Japan region. With the start of the new Chinese year, the expectation values jump to 15.8 points. A new phase of growth is also on the horizon for the Latin America region.
sentix Eco Report Euro area
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