English

Euro zone shrinking, the world feeble

In October, the composite index for the euro zone falls for the third time in a row. As both the assessment of the current situation and the 6-month expectations are now clearly in negative territory, the sentix indices signal shrinking output for the euro area. And there are no positive news coming from the indicators for the other countries or regions either: all composite indices recede this month! Even for the US and Asia ex Japan – both stood out until recently with rather solid indices – the economic shine fades. It is mainly investors' 6-month expectations that worsen. All in all, the data points to a nearing downturn of the world economy.