Euro area in recession mode
07 May 2012
Posted in
sentix Economic News
Last month's slumps are aggravated: the sentix total index for Euroland falls strongly by 9.80 points to -24.5 points. Especially the economic situation makes no secret of the fact that investors are acting on the assumption that Euroland is heading for a pronounced recession. The German economy is trying to lift itself out of this development, but the economic expectations cannot get away from the minus signs, either. The US economy has also begun to weaken.
Headlines of the month
- Last month's drop in the sentix economic index was a first warning sign; now, the economy in Euroland continues to slide! With -24.5, the total index undercuts last year's low. Its May 2012 values are as low as those of September 2009.
- The current situation experiences an especially sharp drop. An 11.5 point fall pushes the barometer to an index level of -31.5 points and signals a recession in Euroland.
- The economic indicators for Germany are still holding, but the expectations for the next 6 months cannot completely defy Euroland gravity and drop to -5.8 points. The current situation remains conspicuously stable at +40.3 points.
- Besides Euroland, the USA also clouds up. The economic drop isn't quite as pronounced as in Euroland, but the advance praise of the past moths seems to have been used up.
sentix Eco Report Euro area
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