It remains challenging
08 January 2023
Posted in
sentix Economic News
The January data in the sentix economic indices indicate a further improvement. In Euroland, the overall index rises for the third time in a row, improving by 3.5 points to -17.5. There is virtually no change in the assessment of the current situation, with only the expectations values signaling a greater easing of the situation. This basic trend can also be seen in the German economic figures: The assessment of the current situation remains almost unchanged, while expectations have risen by 7.3 points. It can thus be seen that the economic environment remains challenging. Despite the improvement, both subcomponents remain in deep negative territory. There is a glimmer of hope for Asia at the start of the year: expectations for the Asia ex Japan region (especially China) are rising dynamically. The end of the restrictive Corona measures in China is generating hopes of better times ahead.
Headlines of the month
- With the third plus in a row, the overall index for Euroland signals further easing. The economic barometer rises by 3.5 points to -17.5. This is the highest level since June 2022. Investors are hoping for a mild recession.
- In Germany, too, the overall index is improving. Although the current situation scores stagnated at an almost unchanged level, the expectations scores increased by 7.3 points to -15.0 points. However, there has not (yet) been a major change in thinking here either. Persistent negative signs continue to indicate that the economic environment remains very challenging and that no all-clear can be given.
- The economic region of Asia ex Japan showed a striking performance, with the overall index rising sharply and even crossing the zero line at +1.4 points. Expectations, in particular, jumped by 11.1 points. The Chinese government's concession to its restrictive "no covid" strategy is generating fantasy..
sentix Eco Report Euro area
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