Eastern Europe helps Austria
04 May 2015
Posted in
sentix Economic News
In a particularly remarkable way the composite index for Austria rises this month. It signals that after a long peri-od of weakness a recovery has returned to the country. An important reason for this should be the relaxation of the tensions in Ukraine. Austria benefits strongly from economic improvements in Eastern Europe as it has firm ties with the region. Apart from this, the upturn in the euro area stabilises. And while the assessment of the current US situation weakens, 6-month expectations for the United States are back on the rise!
Headlines of the month
- The upturn in the euro area stabilises. The sentix composite index for the euro-zone economy remains almost unchanged at +19.6 points. In contrast, investors’ economic assessments for Germany cool down for a second month in a row.
- Outstanding is this month’s improvement of the index for Austria which rises by about nine to now +7.4 points. The further relaxation of the critical situation in Eastern Europe has helped here.
- Also worth of note is the worsening assessment of the US situation. But, in turn, 6-month expectations for the US are back on the rise. Furthermore, perspectives for the world economy (global aggregate) prove robust.
