The Strategist

Economic expectations index in euro area falls to its lowest since 2008



05/10/2022 - 04:24



The index of economic expectations in the euro area fell to minus 34 points (from minus 29.8 points in April), which was the lowest since December 2008, according to research group Sentix.



pxhere
pxhere
The eurozone's index of investor confidence in the economy fell to minus 22.6 points in May from minus 18 in April, the lowest since June 2020. The index of current economic conditions fell to minus 10.5 points from minus 5.5 points in April. The figure was the lowest since March 2021.

Sentix reported that the index of economic expectations in the eurozone's largest economy, Germany, fell to minus 32.8 points in May. This is the lowest point in the history of observation. The index of economic confidence fell to minus 20.5 points (the lowest since May 2020) and current economic conditions fell to minus 7.3 points (the lowest since March 2021).

The research team also notes that the situation is made particularly difficult by the fact that "central banks have their hands tied to some extent because of the apparent problems with inflation."

source: ec.europa.eu




More
< >

Friday, August 12th 2022 - 10:26 IEA expects another oil price rally