Asia continues to pick up, Euroland stagnating
04 October 2020
Posted in
sentix Economic News
The economic recovery in Euroland takes a breather in October. After five successive improvements, the sentix overall economic index for the euro zone fell marginally by -0.3 points to -8.3 points. However, the current situation continues to improve, reaching its highest level since March 2020. The data does not reveal any significant risk element in the short term, as the expectations index remains at a higher level despite a decline of 2 points. The outlook for Germany looks somewhat better than for the euro area as a whole. There are positive developments to report, especially from Asia ex Japan and the US.
- The economic recovery in Euroland is taking a breather. After five consecutive rises, the sentix overall economic index for the euro zone has dropped marginally by -0.3 points.
- Current situation, however, continue to improve, while the expectations index has reset by two points at a high level. So far, this does not pose any significant danger, but the recession is not yet over. The situation in Germany looks somewhat better than in the Euro zone as a whole.
- Positive developments can be reported above all from Asia ex Japan. The economic indices there continue to show dynamic growth. The clouds are also clearing for the US, which should help the Trump camp in the run-up to the US presidential election.
sentix Eco Report Euro area
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