sentix Economic News

Read the latest information and indications about the "first mover" among the economic indicators!

Background information on the sentix economic indicators

Small steps forward

The sentix overall economic index for the eurozone rises to -3.6 points in May 2024. This is the seventh consecutive increase and the best value since February 2022. Situation and expectation values contribute equally to the increase, which was higher than the economists surveyed by Bloomberg. However, the economic improvement continues to be characterised by moderate momentum. The rise in the index in Austria is positive, but the East-ern European region is also continuing to develop favourably. Internationally, Asia ex Japan and Latin America deserve a positive mention, while the USA and Japan have seen declines.


Will everything be fine now?

Will there finally be a sustainable economic upturn? At least the economic recovery in the eurozone and world-wide is continuing. We are measuring the sixth consecutive rise in the overall index for the eurozone. The index rises to -5.9 points. Expectations for the eurozone have even risen for the seventh time and, at +5 points, are at their highest level since February 2022. The economic signals are also stabilising internationally. Only Austria is an exception here with a completely divergent development.


Upswing (still) without Germany

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.


Crisis in Germany remains stubborn

The sentix economic index for the eurozone rises by +2.9 points to -12.9 points in February, the fourth consecutive increase. Nevertheless, the recovery process remains sluggish. This is mainly due to Germany. The current assessment there fell to -39.3 points, while expectations recovered only sluggishly by 2.3 points. With the expectations component still at -14.0 points, the recession theme therefore remains. Internationally, there are increasing signs of recovery. The US region in particular is scoring well, with the overall index rising by 5.9 points to 12.1 points. Asia also continues to impress. The Asia ex Japan (China) region and Japan itself continue to try to develop economic momentum. As a result, the sentix Global Aggregate climbs to its highest level since February 2022.


Germany still in crisis

The sentix Economic Indicator for January shows the third consecutive improvement in the overall index for the eurozone. Situation and expectation values both rise by 1 point. And yet this is unlikely to be a turnaround. This is partly due to Germany, whose economy is still in recession and therefore in crisis. Internationally, there is positive news from Asia and Latin America. However, it is questionable whether this will be enough to reverse the global trend. This is because a new problem is on the horizon with regard to inflation and therefore central bank policy.


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