According to the report from Sentix, iIn August, the sentix overall index for the eurozone economy climbed by +4.8 to -13.4 points for the fourth time in a row. The current situation values increased by 8.2 points, but are still in recession at -41.3 points. At +19.3 points, expectations remain stably positive, meaning that the economic recovery should continue. We also measure the fourth consecutive improvement for Germany. The current situation values increased by 10 points month-on-month and now stand at -30.8 points. Internationally, the Asian region is leading the improvement: The overall index for Asia ex-Japan is even above zero. The recovery in the USA and Latin America remains disappointing.
The process of economic recovery is proving sluggish. Nevertheless, the August figures of the sentix economic indices are surprising. More and more attention is now being paid to the development of the current situation values, as in the previous months the expectations values have been clearly on the rise and have made considerable upfront investments. With the highest value since March 2020 and a level of -41.3, there is still no rejoicing in absolute terms. After all, such a low index level means that the third quarter is still in recession. Nonetheless, the recovery is progressing, especially since the expectations for August were almost unchanged from the previous month's level of +19.5 at +19.3. It is remarkable in this context that a second wave of corona infections does not leave a new fear reflex in the economic indicators!
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