The global upswing
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08 March 2021
Posted in
sentix Economic News
At the beginning of March, the global economy is on a sustained recovery path, increasingly driven less by expec-tations for the future and more by improvements in the assessment of the situation. The global situation index rises for the tenth time in a row to 5.5 points, the overall index even for the eleventh time in a row to the best value since March 2018. The picture is basically the same in all world regions, the upswing is thus broad-based. In Euroland, the situation assessment also improved significantly from -27.5 to -19.3 points, despite continuing re-strictions in many countries.
Headlines of the month
- The sentix Business Cycle Index for the Eurozone rose sharply in March by 5.2 points to its highest level since February 2020. Above all, the situation scores improved significantly. The economic recovery is thus continuing.
- In Germany, the increase is not quite as strong, but the overall index of 11.9 points is still the best value since November 2018.
- The improvements are evident in virtually all regions of the world. It is essentially the situation scores that are improving significantly everywhere, indicating that the global economy is emerging from the recession caused by the Corona pandemic. The overall global index rises for the eleventh time in a row to now +20.5 points.
| 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 |
