Crisis in Germany remains stubborn
04 February 2024
Posted in
sentix Economic News
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.
Headlines of the month
- The sentix Economic Sentiment Index for the eurozone rises for the fourth time in a row to -12.9 points. Nevertheless, the recovery process is proceeding slowly and the all-clear still cannot be given.
- This is mainly due to Germany. The situation there is precarious: the current assessment has fallen to -39.3 points and expectations are only recovering slowly. The recession theme remains.
- Things are looking much better internationally. The US region in particular is flourishing once again. Japan is also scoring points economically. The Asia ex Japan region is similarly trying to develop economic grip. As a result, the sentix Global Aggregate climbs to its highest level since February 2022.
sentix Eco Report Euro area
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