Second setback in a row for the euro zone
08 April 2013
Posted in
sentix Economic News
The composite index for the euro zone drops in April from -10.6 points to -17.3 points and stands now slightly below last December's value. While the election in Italy led to the first setback for the index in March, the Cyprus issue is, amongst others, an additional strain in April: both sub-indices, the assessment of the economic situation and the 6-month expectations drop again. Expectations are now in the neutral zone. The composite index for Germany is no longer able to keep its distance from the negative development in the euro zone, expectations drop palpably – also taking into consideration weaker assessments for Germany's export regions, especially in Asia ex Japan. The global index drops the second month in a row.
Headlines des Monats
- In April the composite index for the euro zone drops from -10.6 to -17.3 points and stands now slightly below last December's value.
- While the election in Italy led to the first setback for the euro zone index in March, the Cyprus issue is an additional strain in April: both sub-indices, the assessment of the economic situation and the 6-month expectations drop again to a similar degree. Expectations are now in the neutral zone.
- The composite index for Germany is no longer able to keep its distance from the negative development in the euro zone, expectations drop palpably – also taking into consideration weaker assessments for Germany's emerging markets export regions. There is, however, positive news from the US and Japan. The global index nevertheless drops the second month in a row.
