Euro area close to growth
03 February 2013
Posted in
sentix Economic News
The composite index for Euroland rises for the sixth time in a row to -3.9 points in February. Once again, the six month expectations of the 984 surveyed investors gain more ground than the assessment of the economic situation. They reach the highest reading since June 2007, the last month before the beginning of the financial crisis. Overall, we can note: with a composite index close to the zero mark, the euro zone economy is poised to grow again. It is almost without doubt that the composite index for the euro area will reach positive territory soon – the general dynamics are currently just too strong.
Headlines of the month
- In February, the composite index for the euro zone rises from -7.0 to -3.9 points. This is its sixth rise in a row.
- Both, the assessment of the economic situation and the 6-monthexpectations of the 984 surveyed investors improve. For the expectations index this is the highest reading since June 2007 and with that, the highest since the beginning of the financial crisis.
- Also of note is the development of the composite index for Germany. This index displays the strongest increase of all composite indices. Motor are once more the expectations, which rise to their highest value since the introduction of this indicator in 2009. The expectations index of the global aggregate has even climbed to a level last seen in August 2004!
