Reports

File: May 2013 Eco Report (Engl.)

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Trend reversal averted!

The composite index for the euro zone rises for the first time after two dampeners in a row. It improves from -17.3 to -15.6 points. With this, a trend reversal to the negative, which would have formally been indicated by the third drop in a row, was averted. While the economic assessments of investors for the euro zone are stabilizing, the values for Germany worsen, albeit at a much higher level. Here, we see a convergence of investor assessments. The drop in the German composite index is solely based on the decrease in the assessment of the economic situation. The strongest improvement in the composite indices in May can be found for the US. For Japan, the development points upwards, too. The emerging markets, on the other hand, are once again considered as slightly weaker by investors. For the global aggregate, we note a small rise after two drops.

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