Chinese glimmers of hope
07 August 2016
Posted in
sentix Economic News
Economic expectations are no longer negatively affected by the Brexit fallout. The sentix Economic Index improves moderately to +4.2 points. Positive growth impulses of the Chinese economy are accountable for the latest upswing, however. The European economy merely contributes to the confidence built up. The index for Asia ex. Japan jumps from +8.2 to +14.1 points. The latest round of yuan depreciation against the US Dollar and the Japanese Yen seems to act as a stimulant.
Headlines of the month
- The outcome of the Brexit referendum in the UK has no further impact on the sentix Economic expectations. The headline index for the euro zone rebounds to +4.2 points.
- The Chinese economy gains momentum and leads global recovery. Current situation and expectation values both increase.
- The remaining world regions post improvements in the current situation values as well. The US economy remains pleasantly robust as the current situation value strengthens. The economy in Latin America and Eastern Europe continue to stabilise.
sentix Eco Report Euro area
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