Reports

File: November 2013 Eco Report (Engl.)

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Germany hits a new high

In November, the composite index for the euro zone rises by 3.2 to now 9.3 points. This is its highest value since May 2011, and, this month, the strongest increase among all regions. Investors have become especially upbeat concerning the economic situation. For Germany, the composite index also improves. Here, the 6-month expectations are more important for the overall improvement. They have now reached their highest reading since the beginning of the sentix survey for Germany in 2009. Of the other regions, the US and Japan make a more negative impression, the emerging-markets regions a more positive one. Overall, it is also noteworthy that institutional investors are more careful than private investors this month. Nevertheless, the composite index for the global aggregate rises for the fourth month in a row due to the good developments in the euro zone and the emerging-markets regions.

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