"We are also harming ourselves"

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War only knows victims. The traces of the Ukraine conflict are also becoming increasingly visible in the economy. The sanctions against Russia are having an effect, on enemies and friends alike. Last month, the "first mover" economic index clearly pointed the way towards recession. At the beginning of May, the downturn deepened further. Europe is hit particularly hard. The overall Eurozone index drops to -22.6 points. And for Germany we report an all-time low in economic expectations. In other words: it's coming thick and fast.

Full report May 2022

Headlines of the month

Euro area Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22
Overall Index 14.9 16.6 -7.0 -18.0 -22.6 -15.8

More sentix Economic indices

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