Economic situation - Economic sentiment in the eurozone brightens somewhat
Economic sentiment in the eurozone improved again in December. The economic indicator compiled by the Sentix analysis institute rose by 1.8 points to minus 16.8 points, as the consultancy firm announced in Frankfurt on Monday. However, analysts had expected a more significant improvement to an average of minus 15.6 points.
Although expectations for economic development brightened only slightly, the current situation was assessed as noticeably better. However, Sentix does not anticipate a turnaround for the better. "The still weak overall momentum and the lack of a certain amount of international support speak against this." So far, there are no signs of a new upturn in any region of the world.
Sentix takes a gloomy view of the situation in Germany. "The German economy remains the laggard among the world regions under review." The overall index has risen for the third time in a row. However, the value is still so low that it was only undercut during the 2008 financial crisis and during coronavirus 2020. "So there is still no sign of a turnaround in Germany."
Analysts pay more attention to the Sentix economic survey because it is published early in the respective reporting month. Observers are hoping for clues from other indicators such as the ZEW economic expectations or the Ifo business climate.
The current survey was conducted from November 30 to December 2 among 1245 investors.
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- Despite the slight improvement in economic sentiment in Europe, Sentix does not foresee a trend reversal for the better due to the weak overall momentum and lacking international support.
- The economic situation in Germany, as per Sentix's analysis, continues to lag behind other world regions, with the index showing a rise for the third time but still being at a low level last seen during the 2008 financial crisis and the coronavirus pandemic in 2020.
- Investors closely watch the Sentix economic survey, as it is published early in the respective reporting month, seeking insights that might be provided by other indicators like the ZEW economic expectations or the Ifo business climate.
- The current Sentix survey was conducted among 1245 investors from November 30 to December 2, providing valuable insights into their perspective on the economic situation in Frankfurt, Germany, and Europe.
- Despite the generally gloomy outlook, some analysts are still hopeful for a trend reversal in the European economy, looking towards outcomes from other key economic indicators such as the ZEW economic expectations and the Ifo business climate, especially in Frankfurt on the Main.
Source: www.stern.de
