Loss of momentum continues
04 October 2021
Posted in
sentix Economic News
The momentum of the economic recovery in the Eurozone continues to slow down. At 16.9 points, the overall index is falling for the third time in a row. Expectations are dropping for the fifth time in a row to only 8 points. For Germany we get the first feedback after the Bundestag elections: The current assessment also slips by 5 points, while the expectations component is able to counter the global loss of momentum and even rises by 2.7 points. Overall, the signs for the global economy continue to point to a "mid-cycle slowdown". The slowdown in growth in the middle of the cycle is making headway in the major economic regions - first and foremost in the USA. The Asia ex Japan region also remains affected.
Headlines of the month
- Economic indicators for the Eurozone continue to lose momentum in October. At 16.9 points, the overall index falls for the third time in a row. Expectations drop for the fifth time in a row to only 8 points.
- For Germany, we get the first feedback after the Bundestag elections: The current assessment also slips by 5 points, while the expectations component is bucking the global loss of momentum and even manages to increase by 2.7 points.
- The signs for the global economy continue to point to "mid-cycle slowdown". The slowdown in growth in the middle of the cycle is progressing in the major economic regions - first and foremost in the USA. The Asia ex Japan region also continues to breathe a sigh of relief, where current and expected values are falling synchronously.
sentix Eco Report Euro area
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