Downturn gains speed
04 August 2019
Posted in
sentix Economic News
The pressure on the economic front is increasing noticeably. The current assessment and expectations are falling to their knees, and 6-month expectations for the Euro area are falling by 7 points to -20 points. This is the lowest value since August 2012!
Headlines of the month
- The sentix economic index for the eurozone fell by a whopping 7.9 points to its lowest level since October 2014. The measures announced by the central banks have not led to a change in economic expectations.
On the contrary, the current situation and expectations are literally abating. In Germany, the overall index even fell to its lowest level since October 2009. A recession in Germany is inevitable.
The other regions of the world are also struggling with large discounts. Even for the USA, where the situation re-mains stable, expectations are falling dramatically. Trump has once again poured oil into the fire with its renewed Chinese tariffs.
sentix Eco Report Euro area
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