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File: October 2021 results

- Uploaded:
- 03.10.21
- Modified:
- 03.10.21
- File Size:
- 352 KB
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- 1.0
Loss of momentum continues
- Economic indicators for the Eurozone continue to lose momentum in October. At 16.9 points, the overall index falls for the third time in a row. Expectations drop for the fifth time in a row to only 8 points.
- For Germany, we get the first feedback after the Bundestag elections: The current assessment also slips by 5 points, while the expectations component is bucking the global loss of momentum and even manages to increase by 2.7 points.
- The signs for the global economy continue to point to "mid-cycle slowdown". The slowdown in growth in the middle of the cycle is progressing in the major economic regions - first and foremost in the USA. The Asia ex Japan region also continues to breathe a sigh of relief, where current and expected values are falling synchronously.