Better but still not good

11 April 2023
Posted in sentix Economic News

The Eurozone economy continues to recover at the beginning of April. The major upheavals feared as a result of the gas and electricity price crisis in Europe have failed to materialise this winter. The situation assessment of the 1,300 investors surveyed by sentix reflects this with the sixth consecutive increase in the situation values for the Eurozone. The fact that this is not an all-clear signal becomes clear when looking at the expected values. They remain negative. In Eastern Europe, a friendlier picture is painted, with an increase in both components. For the USA, we measure a deterioration of the situation and expectations, contrary to the trend. This should not go unnoticed!

Full report April 2023

Headlines of the month

• The sentix overall economic index for the Eurozone improved by 2.4 points to -8.7 points. This slightly exceeds analysts' expectations. Nevertheless, the data are not good, as expectations remain negative at -13.0 points.
• The German economy has also come through the winter better than many expected. The situation score rose for the sixth time in a row to -2.3 points. But here, too, expectations remain clearly negative at -11.5 points.
• In the international context, the picture is basically the same. While the situation scores mostly improve moderately, expectations remain negative. For the USA we even measure a clear decline in expectations to -12.5 points. This should give cause for concern. In Eastern Europe, the situation and expectations are improving against the trend.

sentix Eco Report Euro area

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