German

No mood of optimism in the EU, Trump mania in the USA

In December, there are weak economic signals for the eurozone from the first mover. The overall index for the euro-zone fell by 4.6 points to -17.5 points, the lowest value since November 2023. Both the current situation and expec-tations values fell. There is also serious disappointment to report in the German data: Following the announcement of new elections to the German Bundestag, there is no mood of optimism. The assessment of the current situation fell to -50.8 points, the lowest index level since June 2020, meaning that the recession remains omnipresent, espe-cially as expectations also fell by 0.8 points. Conversely, the US data stands out positively. Investors are expecting strong momentum following the inauguration of the new president. This reaction can really be described as ‘Trump mania’.