English

Nosedive stopped, but no all clear

At -18.9 points, the sentix economic index for the euro zone is 3.6 points higher than in July. The overall index thus stopped its nosedive. However, the assessment of the current situation remains weak at -20.5 points, while expectations have risen by 7.3 points to -17.3. Germany is providing fuel for the fire: The largest econ-omy in the euro zone is becoming the sick man of the euro zone and is weighing heavily on the region. The overall index for Germany falls for the fourth time in a row to -30.7 points. The situation slumped by 7.3 points, while the expectations score of -26 points also gave little cause for hope. By contrast, there are bright spots in the economic regions of the USA and Asia ex Japan.