China stimulus provides (moderate) tailwind
06 October 2024
Posted in
sentix Economic News
The downward economic trend has been halted for the time being. All regions of the world are showing signs of improvement: the overall index for the eurozone rose from -15.4 to -13.8 points in October after three consecutive declines. While the current situation index in the eurozone once again plumbed a new low for the year, the expectations index rose to -3.8 points. The eurozone economy is thus starting its next attempt to find its way out of recession/stagnation. The German economy remains in recession mode for the time being. On a positive note, however, the expectation values show an improvement with a plus of 6.8 points. The domestic economy is benefiting from the global economic trend: Asia ex Japan (China) in particular is showing positive momentum. However, the USA and Japan are also signalling an economic revival.
Headlines of the month
- The overall index for the eurozone rises from -15.4 to -13.8 points in October after 3 consecutive declines. While the current assessment values once again plumb a new low for the year, the expectations values rise to -3.8 points. The economy is starting its next attempt to emerge from recession/stagnation.
- The German economy remains in recession. Here too, the current assessment figures remain close to the year's lows. Expectations, on the other hand, show signs of easing with a plus of 6.8 points. The new economic stimulus in China is having an initial effect - albeit only to a manageable extent so far.
- The global economic trend reflects a clearer easing. Asia ex Japan (China) in particular is showing positive momentum. However, the USA and Japan are also signalling an economic revival. The sentix Global Aggregate rises by 5.5 points and is thus back on a slight upswing.
sentix Eco Report Euro area
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