Trend reversal or not - that is the question!
04 December 2023
Posted in
sentix Economic News
In many regions, we are measuring the third consecutive improvement in economic expectations and / or the overall index for the economy. For example, the economic expectations for the eurozone. At 0.2 points, however, the increase is very moderate. However, as the situation values also improved slightly, the question arises as to whether we can speak of a trend reversal. Internationally, the picture is the same: moderate improvements, but no real sign of an upturn. US stocks remain robust, but are equally unconvincing. There is a little hope in the Eastern European region.
Headlines of the month
- Is the new year starting with an economic turnaround? At least the economic expectations for the eurozone are rising for the third time in a row, albeit only by a marginal 0.2 points. The situation values improved more significantly by 3.3 points.
- The German economy cannot keep up with even these moderate improvements in the eurozone. Expectations remain consistently low. If the overall index can improve for the third time in a row to -25.5 points, this is more illusion than reality.
- The election of the libertarian politician Javier Milei as Argentina's new president has not yet found any significant reflection in the sentix data, although here too there is an improvement for the third time in a row. Investors in Eastern Europe are more hopeful of a turnaround. Asia is improving, albeit with the handbrake on.
sentix Eco Report Euro area
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