Economic expectations collapse globally
06 September 2015
Posted in
sentix Economic News
In September, the sentix Economic Indices drop significantly driven by strongly falling indicators for Japan and for Asia ex Japan. Against the background of the turbulences in China investors cut back strongly their assessments and expectations regarding these regions' economies. Furhermore, the rest of the world enters the maelstrom. While for Latin America and Eastern Europe ever darker clouds gather now also the economic expectations for the hitherto stability anchors, the US and the euro area, fall markedly.
Headlines of the month
- The sentix economic indices worsen significantly in September driven by a hefty fall of 6-month expectations.
- The most pronounced developments can be observed for Japan as well as for Asia ex Japan (including China). For the latter region the composite index drops to its lowest level since May 2009. For Latin America the indices even signal recession. The current-situation index there now stands at an all-time low since inception in 2003.
- The composite index for the euro area decreases from 18.4 to 13.6 points, its lowest level since February. While the assessment of the current situation still shows resilience, 6-month expectations cool down markedly. They drop by 9.2 to now 12.3 points. For Germany, 6-month expectations are already approaching the zero line.
