Significant spring tiredness

07 May 2023
Posted in sentix Economic News

The sentix overall economic index for the euro zone loses 4.4 points and falls back to a level of -13.1 points. Ex-pectations in particular slump to -19.0 points, the lowest level since December 2022. The German economy is also hard hit. The situation scores drop by 6.7 points, while expectations fall to -19.8 points. In the international con-text, the negative signs also dominate. For the US, the decline in expectations is striking. Here, the overall index reaches -17.5 points, the lowest level since November 2022. There is not much left of the laborious economic recovery of 2023.

Full report May 2023

Headlines of the month

• The sentix overall economic index for the euro zone loses 4.4 points to a level of -13.1 points, wiping away a large part of the easing signals from previous months. In particular, expectations buckle to -19.0 points, the lowest level since December 2022.
• The German economy is also gripped by significant spring fatigue. The situation scores are down by 6.7 points, while expectations have fallen to -19.8 points. Not much remains of the laborious economic recovery.
• In the international context, the minus signs dominate. For the U.S., the declines in expectations are also striking: Here, the overall index reaches -17.5 points, the lowest level since November 2022!

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