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File: July 2014 Eco Report (Engl.)

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Global economic momentum helps the euro zone

After having receded for two months in a row, the sentix economic index (composite index) for the euro zone in-creases again in July by 1.6 to now 10.1 points. On the one hand, investors assess the current economic situation as being better than last month. On the other hand, 6-month expectations also increase slightly after having weakened for four consecutive months. This stabilisation of expectations coincides with a European Central Bank taking new expansionary monetary measures. But a probably more important impact for the euro zone comes from the world economy as expectations improve even more strongly for the other regions in the survey. Posi-tive developments are especially pronounced for the US and for Japan. This should also have had a positive in-fluence on investors' judgments concerning the euro area, too. Consequently, the euro zone now seems to bene-fit from a stronger world economy, while it was itself a prominent motor of global growth until just a few months ago.

 

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