Sentix’s index for the euro zone inched up to -25.2 points from -26.4 in July
“The economic situation in the euro zone remains difficult,” Sentix Managing Director Manfred Huebner said in a statement, adding the slight rise did not signal the all-clear.
“A recession in the euro zone is still very likely,” he said, citing weak consumer confidence, inflation and energy prices. A Sentix index on the current situation in the euro zone was up very slightly at -16.3 in August after falling to -16.5 in the previous month, which was its lowest since March 2021. An expectations index rose to -33.8, still close to its July level that was the lowest since December 2008.
The situation in Germany, Europe’s biggest economy, looked even worse with the overall index dropping to -24.4 points, the lowest level since May 2020.Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.
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