Germany still in crisis
08 January 2024
Posted in
sentix Economic News
The sentix Economic Indicator for January shows the third consecutive improvement in the overall index for the eurozone. Situation and expectation values both rise by 1 point. And yet this is unlikely to be a turnaround. This is partly due to Germany, whose economy is still in recession and therefore in crisis. Internationally, there is positive news from Asia and Latin America. However, it is questionable whether this will be enough to reverse the global trend. This is because a new problem is on the horizon with regard to inflation and therefore central bank policy.
Headlines of the month
- The sentix overall economic index for the eurozone rises for the third time in a row to -15.8 points. However, even though the situation and expectations values have each risen by 1 point, this does not yet ensure a turnaround.
- One of the reasons for this is Germany. Contrary to the Eurozone trend, the overall score fell by 0.6 points. Situation and expectation values are declining, emphasising that the recession in Germany persists and will not go away on its own without further ado.
- Internationally, there are notable improvements to report in the Asia ex Japan region. Investors are evidently expecting China to show a more dynamic performance again in 2024. There is also a clear improvement in sentiment in the Latin America region. It seems as if the new president of Argentina will be able to create a spirit of optimism.
sentix Eco Report Euro area
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