Expectations overshoot
10 January 2021
Posted in
sentix Economic News
The sentix economic expectations for Euroland continue to develop very positively. Although large parts of Europe are suffering from a lockdown and the Corona pandemic seems to be flaring up again in other parts of the world, such as Japan, economic expectations continue to rise. In Euroland, they reach 33.5 points, the highest level since records began in 2003. This very positive assessment of expectations is likely to be very much in line with the prospects of a successful vaccination campaign. For in contrast, the situation is moving along very slowly, and in Asia we are even measuring a decline!
Headlines of the month
- The sentix overall economic index rises to a positive level at the start of the year for the first time since February 2020. This means that investors are ignoring the current lockdowns and have complete confidence in a successful vaccination strategy.
- In Germany, too, we measure rising expectations once again, which can additionally be justified by prospects for a good car economy. Nevertheless, the recovery in this country is also sluggish and signals that the current posi-tive expectations are probably exaggerated.
- Globally, the situation is comparable. In the USA, the new administration must now show that it can get the economy going again. In Asia, there are surprising, small setbacks in the situation values. While in China it could be statistical noise, the situation in Japan is more serious due to Corona.
sentix Eco Report Euro area
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