Europe clearly lagging behind
07 February 2021
Posted in
sentix Economic News
The sentix overall economic index for Euroland falls by -1.5 points in February to an index level of -0.2 points. The lockdowns in many European countries are leaving their mark. For Euroland, the assessment of the current situation falls by 1.0 points, while the expectations component drops by 2.0 points. A similar trend can be observed for the assessment of the German economy. The international picture is different. The US economy in particular is setting an exclamation mark. However, Japan and the Asia ex Japan region are also continuing to recover.
Headlines of the month
- The sentix economic index for the euro zone declined by -1.5 points in February to an index level of -0.2 points. A decline can be seen in both the current assessment (-1.0 points) and the expectations component (-2.0 points).
- In Germany, we also measure a setback in the overall index. The lockdown is slowing the recovery of the current situation component, which is stagnating at a low level. The expectations component also fell by -1.7 points.
- Europe is thus lagging behind the global trend, which is improving significantly. The U.S. economy in particular is setting an exclamation mark. However, Japan and the Asia ex Japan region are also on the road to recovery.
| Euro area | Sep 20 | Oct 20 | Nov 20 | Dec 20 | Jan 21 | Feb 21 |
|---|---|---|---|---|---|---|
| Overall Index | -8.0 | -8.3 | -10.0 | -2.7 | 1.3 | -0.2 |
