Germany's crisis is not shocking
03 November 2024
Posted in
sentix Economic News
The news is coming thick and fast in Germany at the moment. It has taken a long time for the economy and the media to wake up and increase the pressure on politics. Perhaps it is the hope that this will lay the groundwork for better times ahead. In any case, even the German economic data is improving a little. The composite index for Germany rose by 1.7 points. For the euro zone, this also means a slight recovery in the overall index to -12.8 points. Investors are also optimistic about the US economy in view of the upcoming US presidential elections, with the overall index rising for the third time in a row. China, on the other hand, still has to prove itself.
Headlines of the month
- The composite index for the eurozone rose slightly at the beginning of November to -12.8 points. This is due to the improvement in the current situation to minus 21.5 points. Expectations remain stable. A turnaround looks different.
- The German economy remains the problem child for the entire eurozone. However, while the media outrage over the consequences of German economic policy is currently running high, investors remain unimpressed. The sentix economic data may even improve slightly!
- In a global context, US data stands out. The resilient US economy is gaining slight momentum. Investors appar-ently expect positive impulses after the US election. In China, by contrast, economic momentum is not improv-ing. Investors are apparently not yet truly convinced of the effectiveness of the measures there.
sentix Eco Report Euro area
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