Central bank impulses fizzle out
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06 October 2019
Posted in
sentix Economic News
There is no positive reaction to the central banks' aid measures, and economic assessments are broadly negative in October. At -16.8 points, the sentix overall economic index for the Euro area marks the lowest level since April 2013. The recovery of expectations from the previous month has thus completely evaporated. In addition, the assessment of the current situation gives cause for concern. For the eurozone, this falls by 6 points to a 5-year low, and for Germany the value drops for the fifth time in a row at a rapid pace. Fears of recession are immanent. The other regions of the world are also descending.
Headlines of the month
- There is no positive reaction to the central banks' aid measures, and economic assessments are falling broadly in October. For the euro zone, the sentix overall economic index at -16.8 points marks the lowest level since April 2013.
- The recovery of the expectations from the previous month has thus completely evaporated. In addition, the as-sessment of the current situation gives cause for concern. For the eurozone, this falls by 6 points to a 5-year low and for Germany the value drops for the fifth time in a row at a rapid pace. Fears of recession are immanent.
- The other regions of the world are also descending. The US overall index marks its lowest level since August 2012, which is also pushing the index for the global economy massively downwards. There is nothing to be seen of the autumn upswing.
sentix Eco Report Euro area
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