Unchanged picture
07 August 2022
Posted in
sentix Economic News
The global economic situation at the beginning of August is essentially unchanged from the previous month. On the positive side, the situation and expectations have not deteriorated further. In the USA and Japan there have even been slight improvements. Nevertheless, this does not imply a fundamental change in the assessment. The expected values remain negative and thus the basic finding of an economic downturn or a foreseeable recession remains.
Headlines of the month
- The economic situation in the Eurozone remains difficult. The sentix overall economic index rose slightly to -25.2 points. However, this does not mean that the all-clear has been given. A recession in the Eurozone is still very likely.
- In Germany, the signs look even worse. Here, the overall index drops to -24.4 points, the lowest level since May 2020. Here, too, expectations remain negative.
- Internationally, the picture is a little more heterogeneous. Although the US has technically already slipped into recession, the assessment of the situation has risen from +1 to +8 points. Expectations are also improving. The situation is similar in Japan. In the other regions of the world, however, there is no recovery to report.
sentix Eco Report Euro area
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